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ITC Hotels demerger effective from January 1, 2025; ITC stock up, key details - BusinessToday
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🚀 ITC vs ITC Hotels: Which Stock Should You Buy? Expert Views! 🏨📈 With the recent demerger of ITC Hotels from ITC Ltd, investors are now faced with a crucial decision—should they stick with ITC or shift focus to ITC Hotels? Both stocks have their own strengths, and experts weigh in on the best pick for your portfolio. 🔹 Vaishali Parekh, VP Technical Research & Analysis, Prabhudas Lilladher, believes that ITC is displaying strong momentum and could gradually move towards the ₹490-₹500 range.
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ITC's stock witnessed a notable surge following British American Tobacco's stake reduction, reflecting positive investor sentiment and optimism about the company's future trajectory. The development underscores the importance of strategic decisions and stakeholder actions in shaping market dynamics and investor perceptions in the FMCG sector #ITC #ITCshares #FMCG #FMCGSector | Business Today
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