ITC is a good buy due to demerger of ITC Hotels
ITC is a good buy due to demerger of ITC Hotels
ITC is likely to perk up due to demerger of ITC Hotels. It has ambitious plans for hotels business. It owns 140 hotels with 13k keys & plans 200+ with 18k keys. Hotels business recorded 15% YoY jump in July-Sept quarter to ₹3103 Cr & 25% rise in EBITDA to ₹1066 Cr. Div yield 3%