Shares of India Tourism Development Corporation Rise by 16% on Heavy Volumes before Dividend Record Date

The shares of India Tourism Development Corporation (ITDC) witnessed a sharp rise on Thursday, September 10, as they rose by as much as 16% during intraday sessions following heavy trading volumes, before its dividend record date. 

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Its share price opened at ₹629.65, which was same as its previous closing and reached an intraday high of ₹736 on NSE. 

As of 12:55 pm, the market capitalization of the company stood at ₹6,119.65 crore. 

Stocks Witness Heavy Trading after Rally 

The sharp surge in ITDC stock was witnessed alongside increased trading volumes. Close to 54.64 lakh stocks had already been traded on the NSE within the course of Thursday's session when the story was penned down. 

This move had also coincided with a day or two before the record date set by the company to disburse its final dividend. 

In August, the company had declared a final dividend of ₹2.95 per share against a face value of ₹10, subject to the company’s board approval. September 15 is considered as the record date. 

However, the broader market too saw marginal gains during the early hours of trade. The Sensex index of the BSE climbed 68.06 points, or 0.09%, to 74,832.29 while Nifty 50 of NSE added 15.10 points, or 0.06%, to 23,446.60. 

ITDC Reports Growth in Q1 FY27 

The share-price movement follows ITDC’s performance in the first quarter of FY2026-27. 

The corporation’s turnover increased 4% year-on-year during the quarter and was 14% higher compared with the corresponding quarter of FY2024-25. 

Profit before tax rose 11% from the year-ago period and was 41% higher than in the first quarter of FY2024-25. 

Performance during the quarter was supported by ITDC’s business verticals spanning hospitality, air ticketing, duty-free operations, consultancy and other services. 

The corporation also cited capacity-building measures and digital governance initiatives as factors supporting operational efficiency and service delivery. 

ITDC Stock Up 16% So Far in 2026 

ITDC shares have also recorded gains across several time periods. 

The stock has risen 9.50% over the past week and 1.26% over the past month. On a year-to-date basis, it is up 16.04%. 

Over the past year, ITDC shares have gained 7.88%, while the three-year increase stands at 70.57%. 

Thursday’s session saw the stock accelerate sharply from its opening level of ₹629.65 to as high as ₹736, with elevated trading volumes and the approaching September 15 dividend record date keeping the counter in focus.