ITC Share Price Live
In the short term, there is a possibility that few shareholders (especially ETFs) may have to forcefully exit ITC Hotels Ltd and this can create pressure on the stock price. We believe, any short term pressure on the ITC Hotels stock price will be a good opportunity for retail/HNI shareholders to accumulate quality business in their long term portfolio. Meanwhile, post demerger, investors can also continue to hold shares of ITC Ltd for long term given its diversified FMCG portfolio and steady growth in its core businesses (Cigarette & FMCG). Also, the demerger of its asset heavy hotels business will result in improved return ratios and cash flows. We believe, post demerger, ITC Ltd’s medium term fair value to be ₹525-550, said SBI Securities.
ITC Share Price Live: ITC Hotels can outperform ITC over medium to long term: SBI SecuritiesITC Share Price Live
For ITC Ltd shareholders, post demerger and listing of the ITC Hotels Ltd, there will be no material value addition as the price of ITC Ltd will get adjusted taking into account the holding company discount as shown above. Post listing of the ITC Hotels Ltd, investors will get an opportunity to participate directly in the growth story of ITC’s hotel business. Looking at the robust key addition pipeline for ITC Hotels and strong industry tailwinds, we believe ITC Hotels Ltd has potential to outperform ITC Ltd over a medium to long term period, said SBI Securities.
ITC Share Price Live: Stay invested in ITC shares and buy on dips, recommends Ganesh Dongre
ITC Share Price Live: ITC share price adjusted ₹27 lower after trading ex-date for hotels demerger session. ITC share price is currently around ₹455 apiece on the NSE and it has made a strong base at ₹430, which is expected to remain sacrosanct. ITC shareholders are advised to remain invested and add more in ₹430 to ₹450 zone, maintaining a strict stop loss of ₹100 below, said Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi.
According to him, fresh investors can also buy on dips in the ₹450 to ₹430 zone, maintaining a stop loss at ₹400. ITC stock may soon touch ₹480 and can touch ₹520 on breaking above ₹480 on a closing basis.
ITC Share Price Live: ITC shares trade ex-hotels
ITC Share Price Live: ITC shares are now trading ex-demerger, which means the value of ITC shares are now ex-hotels business. At the end of a special trading session for the price discovery of ITC Hotels on stock exchanges BSE and NSE, the market has assigned ITC share price of ₹455.60.
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