Rising demand, fueled by domestic interest, revived inbound tourism, and upcoming major events like the G-20 summit and the ICC Cricket World Cup, is contributing to this trend. Additionally, the room supply is expected to align with demand, benefiting existing industry players.
As part of the demerger plan, which will not only unlock value for its 36 lakh shareholders but also improve capital allocation of the parent company, ITC will own 40% in ITC Hotels. The remaining 60% will be owned by ITC shareholders in proportion to their ownership in the parent entity.
On Thursday, 1839 stocks advanced, 1738 declined and 163 remained unchanged on the Bombay Stock Exchange (BSE), with an advance decline ratio of 1.06, indicating a negative closing of stocks in broader markets.
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