India launched ‘Operation Sindoor’ on May 7 as its deepest strike after the Pahalgam attack, claiming it was a precise, restrained response targeting only known terror camps without hitting civilian or military sites. India emphasized the operation was non-escalatory. Pakistan, however, disputes these claims, suggesting the strikes may have impacted beyond the stated targets, escalating bilateral tensions.
Further, on Monday, the Nifty India Tourism Index surged 417.95 points (4.92%) after India and Pakistan paused border hostilities over the weekend. Tourism-related stocks had previously declined due to heightened tensions, with airport closures in key destinations like Dharamshala, Leh, and Srinagar impacting travel sentiment and investor confidence.
According to B&K Securities, around 430 flights were cancelled during this period. However, aviation stocks rebounded after the Indian Air Force withdrew the Notice to Airman (NOTAM), reopening 32 airports near the India-Pakistan border that had been closed last week due to heightened tensions between the two nations.
According to the sources, Airport officials informed that a new NOTAM will be issued to reopen the 32 airports. However, flight operations may not resume immediately, as airlines need time to update schedules and inform passengers in advance about the changes to their travel plans.
Here are the tourism stock jumped up to 10% after India and Pakistan paused military action:
1. Indian Railway Catering and Tourism Corporation
Indian Railway Food and Tourism Corporation Limited offers online railway tickets, food services, and packaged drinking water at stations and trains across India. The company’s sectors include Catering, Rail Neer, Internet Ticketing, Tourism, and State Teertha.
With a market capitalization of Rs 60,088.00 crore, the shares were trading at Rs 751.10 per share, increased around 4.01 percent as compared to the previous closing price.
2. Thomas Cook (India) Ltd
Thomas Cook offers a wide range of services, including Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Visa & Passport services, and E-Business. With a presence in 25+ countries across 5 continents, the company operates 19 brands, including SITA, TCI, and Distant Frontiers.
With a market capitalization of Rs 6,491.25 crore, the shares were trading at Rs 138.00 per share, increased around 10 percent as compared to the previous closing price.
3. EaseMyTrip
Easy Trip Planners Limited is an Indian-based online travel portal. The company is in the business of offering travel and tourist reservation and booking services via the Easy My Trip website, the Ease My Trip app, and an in-house contact center. Its business categories include air travel, hotel packages, and other services.
With a market capitalization of Rs 4,391.12 crore, the shares were trading at Rs 12.39 per share, increased around 6 percent as compared to the previous closing price.
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4. Indian Hotels Company Limited
The Indian Hotels Company Limited and its subsidiaries are primarily engaged in the business of owning, operating, and managing hotels, palaces, and resorts. Its portfolio comprises not only premium and luxury hotel brands, but also includes diverse F&B, wellness, salon, and lifestyle brands.
With a market capitalization of Rs 1.08 lakh crore, the shares were trading at Rs 761.10 per share, increased around 8 percent as compared to the previous closing price.
5. GMR Airports Ltd
GMR Airports Infrastructure Limited operates integrated airport platforms with a portfolio of airport assets. The Company’s airports include Delhi International Airport, Hyderabad International Airport, Goa International Airport, Bidar Airport, and others.
With a market capitalization of Rs 92,792.28 crore, the shares were trading at Rs 87.88 per share, increased around 6 percent as compared to the previous closing price.
6. Interglobe Aviation Ltd
InterGlobe Aviation Limited (IndiGo) offers air transportation and ground handling services, including passenger and cargo services, in-flight sales, ground handling business, and airport-linked services.
With a market capitalization of Rs 2.12 lakh crore, the shares were trading at Rs 5,489.00 per share, increased around 10 percent as compared to the previous closing price.
Written by Abhishek Singh
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