Page 3 - Itc Ltd

ITC Hotels trades weak in firm market; stock down 15% from listing day high

Buoyed by the government's policy interventions for the hospitality sector and a flourishing domestic tourism industry, ITC Hotels has strong growth enablers in place.

ITC Hotels listing today: Shares drop 5% after debuting at Rs 188 on BSE

ITC Hotels listing today: ITC Hotels listed at Rs 188 per share on the BSE on Wednesday, January 29, 2025. On the NSE, ITC Hotels share price listed at Rs 180 per share

ITC, UB, Delta Corp: Trading strategies for sin stocks ahead of Budget 2025

Technical charts indicate that shares of ITC, Godfrey Phillips, VST Industries, Delta Corp and United Breweries could slide up to 28% from present levels. Check key levels here

ITC hotels to list on stock exchanges on Jan 29 after split: NSE circular

Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, will list on the stock exchanges on January 29. Demerger of ITC's hotel business came into effect on January 1, 2025, with January 6 fixed as the record date. The move separated ITC Hotel from the parent entity. Following this, the equity shares of ITC Hotels will be listed and admitted to dealings on the exchange with effect from January 29, 2025, according to a circular by the National Stock Exchange (NSE). "The equity shares of ITC Hotels Limited...shall be traded in Series 'BE' and subsequently be shifted to Series 'EQ'," it added. Separately, ITC, in a regulatory filing, informed that ITCHL received approval from the National Stock Exchange of India Ltd and BSE Ltd for listing and trading of its equity shares effective January 29, 2025. On January 6, the BSE and NSE conducted a special trading session to discover the price for ITC hotels business post demerger. As per the demerger scheme, IT

ITC Hotels plans to expand business internationally post-demerger

ITC plans to expand its hotel business internationally, beginning with neighbouring countries and West Asia, its Chairman and Managing Director Sanjiv Puri said. The cigarettes-to-consumer goods conglomerate has demerged its hotels division and the new company will list on bourses in the next couple of weeks. The date of ITC Hotels Ltd listing is yet to be announced but Puri said it will happen in "next few weeks". India's most-valued consumer company selling a wide variety of goods from cigarettes to paper, also operates 140 hotels, almost all of them in India. ITC's shareholders will own 60 per cent in the new unit, with the parent company retaining the rest. "So as far as overseas is concerned, we are starting to (expand). We have been India-centric, but we have started to go beyond India. We have a hotel in Colombo. We have one in Nepal. There is one more in Nepal that we have signed up for. "And over a period of time, we will expand (overseas), primarily more focused on proxi

India poised to become a developed nation by 2047: ITC chief Sanjiv Puri

With transformative reforms of the past decade propelling India to global stage, it is India's moment in history, ITC Chairman Sanjiv Puri said, exuding confidence that the country will become a developed nation by 2047 on the back of strong macro fundamentals and purposeful policy interventions. India has risen from being the 10th largest economy in the world in 2014 to the fifth largest, driven by landmark reforms like GST and an unprecedented infrastructure push. The decade under Prime Minister Narendra Modi is hailed for landmark reforms, inflation control, financial inclusion and digitisation despite inheriting a weak economy. "In the new world order, which is characterised by new policies on geo-economics and geo-politics, I think the world is looking towards supply chain diversification, and supply chain resilience. "Because of the climate emergency, the world is looking at an energy transition. Digital transformation is another area that the world is going through. Food and

'We would not do that': ITC boss Sanjiv Puri on '90-hour workweek' debate

ITC Ltd chairman Sanjiv Puri, in an interview, firmly opposed the notion of mandating excessive working hours

FMCG index gains over 1% in weak market; HUL, Marico, Colgate rally upto 5%

The upcoming Union Budget is the near-term catalyst, where central government actions to revive consumption cycle would be key.

ITC demerger: 7 hotel stocks with up to 15% upside potential as per charts

Even as hotel shares fell up to 5% on Monday; technical charts hint up to 15% upside potential for Mahindra Holidays, TAJ GVK, Apollo Sindoori, ITDC, EIH, Oriental Hotels and Advani Hotels.

BSE, NSE to hold special session for ITC-ITC Hotels demerger: What we know

The ITC Hotels' shares will not be listed on the NSE and BSE immediately after the record date, they are expected to list by mid-February 2025

ITC down 1% ahead of ex-date for hotel business on Monday, January 6

As per the demerger scheme, eligible shareholders will receive one share of ITC Hotels for every 10 shares held in ITC, with an effective record date of January 6, 2025

Stocks to Watch, January 1, 2025: Auto stocks, ITC, Sun Pharma, Piramal Ent

The previous session closed out 2024 with mixed sentiments. Despite a strong recovery from intraday lows, the benchmarks ended in the red, weighed down by losses in IT & select banking shares

ITC demerger: Analysts upbeat on ITC share outlook; support seen at Rs 442

Technically, ITC is seen trapped in a thin range of Rs 460 - Rs 490 for now. Meanwhile, analysts at SBI Securities are optimistic of ITC's prospects post demerger and see 15% upside for the stock.

Chandan Taparia of MOFSL recommends buying these stocks on Dec 26

Lupin stock has broken out of a triple bottom pattern on the daily chart. It has also crossed above its key moving average suggesting bullish sentiment

How to trade ITC stock in the run-up to Jan 1 hotel demerger date

ITC stock surged over 88 per cent after the company's board approved the hotel demerger in August 2023; at present levels, the stock is down 11 per cent from its peak. Key levels to watch out now.

ITC sets Jan 1 as effective date for hotel biz demerger; stk up 3% from low

ITC share price: The Hotels Business of ITC has matured over the years and is well poised to chart its own growth path and operate as a separate listed entity

FMCG stocks rebound; ITC, HUL rally up to 5% from intra-day lows

Thus far in the calendar year 2024, the FMCG index was up 1.4 per cent, as against 13.5 per cent rally in BSE Sensex.

ITC ramps up cultivation of medicinal, aromatic plants for market expansion

ITC Agri Business Division is encouraging the cultivation of medicinal and aromatic plants to expand the conglomerate's presence in the fast-growing health and wellness products market in the food, personal care and other categories. The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji in Madhya Pradesh and turmeric in southern states. Through this initiative, ITC looks to meet its requirements by chasing its FMCG ambitions and also leverages the B2B nutraceuticals space, bridging the demand-supply gap in the market, which has evolved rapidly after the pandemic. "As a part of the ITC Next strategy, the company's Agri-Business Division has pivoted its strategic focus towards rapidly scaling up its value-added Agri Products (VAAP) portfolio to accelerate growth and competitiveness. In line with the larger ITC NextGen Agriculture vision, we are focusing on ...

ITC, Varun Beverages slip 5% on buzz of 35% GST on tobacco, aerated drinks

According to reports, the Group of Ministers (GoM) on GST rate rationalisation on Monday recommended a new slab of 35 per cent for tobacco, tobacco products and aerated drinks.

HUL, Asian Paints: Consumption-related stocks take a hit as inflation bites

Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months