Hotel stocks rally amid proposed GST rate cut from 28% to 18% Hotel stocks rallied up to 12 percent intraday on Wednesday after GST rate fitment committee proposed to cut tax from 28 percent to 18 percent on hotel tariff of Rs 7,500 and above.
Travel stocks are buzzing in today's market. Here's why On Monday, shares of Asian Hotels (North) and Royal Orchid Hotels rallied 20 per cent each to Rs 99.9 and Rs 98.40, respectively. EIH Associated Hotels and Advani Hotels and Resorts gained 16 per cent each to Rs 385.55 and Rs 84.50, respectively.
Hotel stocks soar up to 20% on RBI's liquidity support Among hotel counters, EIH Associated Hotels hit its upper circuit limit of 20 per cent to Rs 373.65. HLV soared 18 per cent to Rs 10.65. EIH Hotels, Oriental Hotels, Royal Orchid Hotels and Taj GVK Hotels gained between 6 and 9 per cent.