ITC shares gained 2% in morning trade after the firm stated that the National Company Law Tribunal (NCLT) in Kolkata has approved the demerger of ITC’s Hotels Business into a separate entity, ITC Hotels Limited.
This decision, announced on October 4, 2024, represents a significant strategic shift for ITC, allowing its hotels business to operate independently as a separate hospitality entity.
ITC shares opened at ₹507.00 today, reaching a high of ₹514.95 and a low of ₹506.75. The stock is trading near its 52-week high of ₹528.50. Investors are closely monitoring the price movements for potential opportunities.
As of 10:39 am, ITC shares were trading 1.49% higher at Rs 511.05 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash