Nuvama has forecasted a valuation range of ₹150-175 per share for ITC Hotels ahead of its anticipated listing in early January 2025. The report also projects ITC’s valuation to adjust downward by ₹18 per share to reflect the demerger.
Nuvama points out that this valuation aligns with ITC Hotels’ robust operational metrics and expected market positioning. However, the report cautions that ITC Hotels may face passive selling pressures upon listing, which could create temporary volatility. Active and passive fund managers are expected to factor in these adjustments as part of their portfolio rebalancing.
The report underscores that ITC Hotels’ demerger will likely unlock value for shareholders, making it a key stock to watch in early 2025.
Disclaimer: This article is based on Nuvama’s research report and does not constitute financial advice. Investors should conduct their own research before making investment decisions.
