{"id":87168,"date":"2023-02-01T15:31:00","date_gmt":"2023-02-01T10:01:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=87168"},"modified":"2023-02-01T15:28:10","modified_gmt":"2023-02-01T09:58:10","slug":"union-budget-2023-hotel-stocks-rally-because-of-big-push-on-tourism-sector","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/union-budget-2023-hotel-stocks-rally-because-of-big-push-on-tourism-sector\/","title":{"rendered":"Union Budget 2023: Hotel stocks rally because of big push on tourism Sector"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2768486403\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Hotel stocks rallied on Wednesday after the honourable Finance Minister Nirmala Sitharaman announced various initiatives to boost the tourism industry in India.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2596440020\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>As of 15:00 hours IST, the Tata-owned Indian Hotels Company was up 7.81% to Rs 324.50. Similarly, EIH Ltd. and Lemon Tree Hotels were trading higher with 7.45% and 5.75% intra-day gains respectively.&nbsp;<\/p><p>She highlighted the employment and entrepreneurship opportunities the tourism sector has to offer. Sitharaman commented in her budget speech, \u201cPromotion of tourism will be taken up on mission mode with the active participation of states&#8217; convergence of government programs and public-private partnership.\u201d<\/p><p>The FM conveyed that 50 tourism spots will be picked to be developed as a complete package of domestic and international tourism.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1926992195\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In addition to this, \u2018Unity Malls\u2019 will be set up in different states to promote the sale of regional handicrafts from different cities of the respective states.<\/p><p>This is the last full-fledged Union Budget from the Narendra Modi-led BJP government before the general elections in 2024.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vikalp Mishra<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2792347175\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Hotel stocks rallied on Wednesday after the honourable Finance Minister Nirmala Sitharaman announced various initiatives to boost the tourism industry in India. As of 15:00 hours IST, the Tata-owned Indian Hotels Company was up 7.81% to Rs 324.50. Similarly, EIH Ltd. and Lemon Tree Hotels were trading higher with 7.45% and 5.75% intra-day gains respectively.&nbsp; [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5796,5795,5789,5788,948,936,3157,2597,2577,5776,5778,5777,5794],"class_list":["post-87168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hotel-sector","tag-hotel-stocks","tag-sector-to-buy-from-budget-2023","tag-sector-to-watch-from-budget-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-stocks-to-watch","tag-union-budget","tag-union-budget-2023","tag-union-budget-2023-news","tag-union-budget-2023-update","tag-union-bugtet"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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