ITC stocks jump as firm focuses on hotel biz
时间:2024-09-29 02:33:11 阅读(143)
Shares of ITC have been hitting to fresh 52-week highs on a regular basis following the diversified conglomerate’s recent reiteration that it is exploring an ‘alternative structure’ for the hotels business.
On Friday, the scrip on the BSE closed 0.17% higher to Rs 330.55 after hitting a fresh 52-week high of Rs 333.35. Shares climbed to a 52-week high of Rs 330.55 on Thursday as well, and later settled at Rs 330 apiece. Shares also hit a fresh multi-year high.
Also Read: Share Market HIGHLIGHTS: Sensex ends 105 pts up, Nifty at 17833 amid volatility; Infosys, TCS, SBI stocks jump
Puri, who was leading a CII business delegation to the US, said the conglomerate will divulge details about the alternate structures for the hotels business after “things are finalised”. The hotel segment would pursue the “asset-right” strategy to ensure that it remains competitive and continues to deliver superior performance. Puri also said the company is exploring foreign markets for the hospitality segment.
The company, in fact, had talked about “exploring” alternative structures for its hotels’ segment before the coronavirus outbreak.
“When the pandemic came in, we said that we are holding it for now till things normalise, and we have reiterated in the annual report and the investors meet that we will take it forward in line with industry recovery dynamics,” Puri told reporters in July this year. “So, that is where it stands. It is very much on the table,” he had added.
猜你喜欢
- Nifty to top 18250 or profit-booking on cards on monthly F&O expiry- 7 things to know before market opens
- Rupee likely to depreciate on strong dollar, elevated crude prices; USDINR may trade in this range
- Rupee better placed than many other global currencies- Finance minister Nirmala Sitharaman
- Markets end flat in volatile trade amid weak trends in global equities
- Majority of Adani Group stocks climb in morning trade
- Many bright spots amid slowdown in farm exports
- Rupee falls 15 paise to close at 82
- Maharashtra CM Eknath Shinde dredges up Kalyan Dargah issue, pledges ‘liberation’
- Rupee likely to depreciate on elevated crude prices, FII outflows; USDINR pair to trade in this range