The share price of the de-merged entity ITC Hotels trades in the red for the second consecutive session. The stock fell 5% to an intra-day low of Rs 163.25 on Thursday a day after listing. ITC Hotels was listed on NSE and BSE on January 29.

By Hritam Mukherjee (Reuters) -Shares of ITC Hotels fell in debut trade on Wednesday, following its spin-off from consumer goods firm ITC, valuing the luxury hotels operator at 366.2 billion rupees ($4.

ITC Hotels listing share price live today: ITC Hotels has listed at Rs 188/share. The listing price is in line with popular estimates. ITC had demerged its hotel division at the beginning of January. According to the market participants, the stock may see some selling pressure today.

Notably, the listing price is slightly higher than Nuvama's estimate, which expected the shares to be listed at a range of ₹150-175 per share

Shares of ITC Hotels Ltd, the demerged hotels business of FMCG conglomerate ITC Ltd, listed on the stock exchanges on Wednesday

ITC Hotels is set to list on January 29, 2025, following the demerger from ITC Ltd. Market cap is expected to be around Rs 42,000 crore, with shares likely priced at Rs 200.

Soon after listing, the stock slipped 5.5% to hit the lower circuit at Rs 178.60 on the BSE and dipped 4.44% to hit a low of Rs 172 on the NSE. Should investors buy ITC Hotels shares at the current level?

ITC Hotels will be making its debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, January 29, 2025