BUZZ-Indian hospitality stocks rise as federal budget proposes initiatives to promote tourism
Reuters
Feb 01
BUZZ-Indian hospitality stocks rise as federal budget proposes initiatives to promote tourism
** Shares of Indian hospitality and tourism stocks rise between 0.3% and 4.3%
** Lemon Tree Hotels LEMO.NS up 2.8%, Yatra OnlineYTRA.O rises 1.62%, Rategain Travel Technologies RATE.NS up 4.3%
** In federal budget, Indian Finance Minister Nirmala Sitharaman announced the setting up of National Institute of Hospitality, pilot scheme to train guides, and other initiatives to promote tourism
** Axis Securities expects measure to be positive for travel and leisure companies
(Reporting by Mridula Kumar in Bengaluru)
((Mridula.Kumar@thomsonreuters.com;))
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