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ITC is scheduled to host a meeting of the ordinary shareholders of the company on Thursday, June 6 at 10.30 am IST for the proposed demerger of ITC Hotels.
Kotak said Britannia Industries, Colgate-Palmolive and Nestle India will be the most impacted, while Godrej Consumer Products Ltd (GCPL), ITC, Jyothy Labs and Varun Beverages Ltd (VBL) will remain the least impacted by the new plastic waste management.
F&O stocks to watch: Nuvama said ITC emerges as a low-beta long option within FMCG, while Hindustan Aeronautics and NMDC also appear well-positioned for potential gains of 5-8 per cent.
Bajaj Finance, Nestle India, Vedanta, Tech Mahindra, IndusInd Bank, L&T Technology and ACC will announce the results for March 2024 quarter later today.
ITC hotel demerger: The demerger is expected to unlock value through the creation of a pure play hotels entity, which would have a business focus aligned to the specific market dynamics in India.