Airlines, hotel, and tourism stocks rise by 4–9% as India-Pakistan conflict eases

As tensions between India and Pakistan eased following mutual ceasefire agreement, the Indian hotel and tourism industry breathed a sigh of relief, with expectations that the sector would regain momentum. 

Additionally, as airports across the country resumed full operations, airline companies are now set to return to regular business, creating a positive sentiment in the stock market.

This optimism led to a sharp rally in airline, hotel, and travel company stocks on Monday.

Airline stocks:

InterGlobe Aviation surged 7.84% (₹399.95) to close at ₹5500

SpiceJet jumped 5.99% (₹3.02) to settle at ₹46.20

Hotel industry stocks:

Indian Hotels Company rose 6.94% (₹49.95) to ₹799.35

EIH Ltd climbed 5.56% (₹19.35) to ₹367.25

EIH Associated Hotels gained 6.31% (₹21.95) to ₹395.00

ITC Hotels increased 8.30% (₹15.20) to ₹198.35

Lemon Tree Hotels surged 9.53% (₹8.45) to ₹137.95

Apeejay Surrendra Park Hotels advanced 8.16% (₹11.40) to ₹151.15

U P Hotels moved up 4.31% (₹70) to ₹1995.00

Other tourism-related stocks:

Tourism Corporation of India gained 4.30% (₹8.45) to ₹204.75

Indian Railway Catering and Tourism Corporation (IRCTC) added 5.75% (₹41.55) to ₹793.70