Brokerages have provided their take on the upcoming listing of ITC Hotels and its potential impact on the ITC stock post-demerger. Here’s a summary of their projections:
ITC Hotels listing estimates:
- Nomura:
- Expected listing price: ₹200-300.
- Implied market capitalization: ₹42,500-60,000 crore.
- Nuvama:
- Initial market price estimate: ₹150-175.
- Adjusted price for ITC stock post-demerger: Reduction by ₹22-25 per share.
- SBI Securities:
- Implied fair value for ITC Hotels: ₹113-170.
- Adjusted price for ITC stock post-demerger: ₹470-473.
ITC stock projections:
- Centrum Broking:
- Target price for ITC: ₹583.
- Adjusted reduction: ₹17 per share post-demerger.
The demerger is expected to unlock value for shareholders, with ITC Hotels gaining an independent identity and ITC’s price being adjusted accordingly. Brokerages are optimistic about the growth potential of both entities, with varying projections for the listing price of ITC Hotels.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Readers should perform their own research or consult a financial advisor before making investment decisions.
