ITC Hotels' market debut: Promising future despite bumpy start?
The stock may have plunged more than 30% on listing, but beneath the volatility lies a powerhouse with no debt, ₹1,500 crore in cash reserves, and an ambitious expansion plan. Does it have the makings of a shrewd investment?
ITC Hotels falls in India trading debut, valued at $4.2 bln
Shares of ITC Hotels fell in debut trade on Wednesday, following its spin-off from consumer goods firm ITC , valuing the luxury hotels operator at 366.2 billion rupees ($4.23 billion).
ITC Hotels Share Price Highlights: ITC Hotels makes a smart debut, lists at Rs 188/share on BSE
Jefferies expects the ITC Hotels to see outflows related to ETF selling, "Given ITC is part of key indices, ITC Hotels could see outflows to the tune of $190-200 million (based on
ITC Hotels debuts on bourses; plans to expand portfolio to over 200 properties in 5 years
"Today, ITC Hotels operates a bouquet of over 140 properties with over 13,000 keys in over 90 locations. It plans to expand its portfolio to over 200 hotels with over 18,000 keys over the next five years, with approximately 2/3rds salience of managed properties," it stated.
ITC Hotels dips on debut, becomes second most valuable hospitality company in India
ITC will continue to hold 40 per cent of ITC Hotels, while the remaining 60 per cent was distributed among the shareholders whose name appeared on the books of ITC Ltd on January 6, the day the demerg
ITC Hotels Shares List At Rs 188 On BSE, Rs 180 On NSE; Stock Drops 5% Post-Listing
The demerger of ITC’s hotel business took place on January 1, 2025, with January 6 serving as the record date. This corporate restructuring separated ITC Hotels from its parent company, ITC Ltd.
ITC Hotels falls in India trading debut, valued at $4.2 billion
By Hritam Mukherjee (Reuters) -Shares of ITC Hotels fell in debut trade on Wednesday, following its spin-off from consumer goods firm ITC, valuing the luxury hotels operator at 366.2 billion rupees ($4.
ITC Hotels Share Price Live: ITC Hotels shares list at Rs 188 on BSE and Rs 180 on NSE; stock falls 5% post listing
Shares of ITC Hotels, the demerged hotel business of FMCG giant ITC Ltd, will begin trading on stock exchanges on Wednesday, January 29. The demerger of ITC hotel business took effect on January 1, enabling ITC Hotels to list independently.
ITC Hotels shares list at 30% discount, debuting at ₹180 after last year's demerger
Notably, the listing price is slightly higher than Nuvama's estimate, which expected the shares to be listed at a range of ₹150-175 per share
ITC Hotels lists on stock exchanges
Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, listed on the stock exchanges on Wednesday
ITC demerger: ITC Hotels set for listing on January 29, 2025
ITC Hotels is set to list on January 29, 2025, following the demerger from ITC Ltd. Market cap is expected to be around Rs 42,000 crore, with shares likely priced at Rs 200.
The Financial Express8h
ITC Hotels shares fall 5% for second consecutive day
The share price of the de-merged entity ITC Hotels trades in the red for the second consecutive session. The stock fell 5% to ...
ITC Hotels: Should investors check into the stock to play the hotel theme?
ITC Hotels Limited, the de-merged hotel business of ITC Limited, made its debut on bourses on January 29, 2025. ITC has ...
ITC Hotels lists at Rs 188, closes lower
ITC Hotels made a high of ₹189, before declining 5% to end at its lowest tradeable limit of the day at ₹178.6. The company ...
Sensex, Nifty End Higher For Third Day; Tata Motors And ITC Hotels Tumble
Indian shares eked out modest gains on Thursday to end higher for a third straight session. Global cues were positive after a ...