ITC is a good buy due to demerger of ITC Hotels
Posted: Sun Dec 01, 2024 12:16 pm
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%
