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 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 shares fall 5% on day 2 of trading; analysts see long-term upside
Shares of ITC Hotels fell 5% to Rs 169.70 on its second day of trading, following a weak debut on Wednesday. The stock hit a 5% lower circuit after opening at Rs 188, as ITC shareholders exited the hotels business.
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 shares list at 31% discount on NSE, stock debuts at Rs 180 after demerger
ITC had decided to demerge its Hotel business into a separate listed entity to unlock value for shareholders. It fixed the demerger ratio at 1:10, which meant that shareholders holding 10 shares of ITC,
ITC Hotels share price: Demerged hotel biz to list on BSE, NSE today, check details
A special pre-open trading session on January 6 established the adjusted price for ITC shares. On the NSE, ITC’s share price was reduced by ₹ 26 to ₹ 455.60, while on the BSE, the adjustment was ₹ 27, bringing it to ₹ 455 per share, according to the report.
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 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 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 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.
ITC Hotels share price target after listing; should you BUY? Expert's view
Soon after listing, the stock slipped 5.5% to hit the lower circuit at Rs 178.60 on the BSE and dipped 4.44% to hit a low of Rs 172 on the NSE. Should investors buy ITC Hotels shares at the current level?
The Financial Express9h
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