Tourism stocks IndiGo, Indian Hotels, Lemon Tree soar after India, Pakistan pause military action

Shares of tourism-linked stocks, be it from aviation or hotels or travel ticket-booking-linked stocks, surged up to 7% on Monday, May 12, after India-Pakistan paused military action on the border over the weekend.

The Nifty India Tourism Index has gained as much as 4% on Monday, with all of its constituents trading with gains.

Shares of India’s largest airline, InterGlobe Aviation, are up over 6.5%, while those of Lemon Tree Hotels, Indian Hotels, IRCTC, GMR Airports, are trading with gains between 3.5% to 5.5%.

Even shares of ticket booking platforms like EasyTrip Planners, IxiGo and IRCTC are trading between 3.5% to 5% higher.

Most of these tourism-linked stocks, including IndiGo, were impacted as tensions between India and Pakistan…