ITC Hotels, the demerged entity of ITC Ltd’s hospitality business, has officially begun trading on the stock exchanges today, marking a significant milestone for the company. The stock has been allotted a previous close price of ₹260 per share, while its opening price is set to be determined at 10 AM as trading stabilizes.
Ahead of the listing, the stock saw strong market participation, with a volume of over 33 lakh shares traded early on. The stock opened at ₹165, indicating investor activity, but the final opening price will only be settled at 10 AM. Market participants will closely watch how the stock stabilizes after its debut.
The demerger of ITC Hotels from ITC Ltd was aimed at unlocking value in its fast-growing hospitality business, which includes luxury and premium hotels across India. Analysts have mixed expectations on the listing price, with some projecting it to remain around the ₹260 mark, while others anticipate a potential premium due to ITC Hotels’ strong brand presence.
Investors will be closely monitoring early price movements and trading patterns to gauge market sentiment toward the newly listed entity. The coming days will provide more clarity on the stock’s trajectory as institutional and retail investors adjust their positions post-listing.
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