ITC stocks jump as firm focuses on hotel biz
时间:2024-06-02 05:20:39 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.
上一篇:Capital Small Finance Bank files IPO papers with Sebi
下一篇:Zomato share price rallies 18%, mcap tops Rs 50,000-cr; Here’s what’s fueling the rally
猜你喜欢
- CBI issues notice to Jaihind Channel seeking details of DK Shivakumar’s investments
- Axis Mutual Fund saga- What the recent MF controversy is and what can be done to safeguard investors
- Buy these two stocks for near-term gains as Nifty’s immediate trend turns negative
- NCDEX to resume groundnut futures trade next week
- Nifty forming bullish pattern, resistance at 15900; Buy these two stocks for gains
- Chandrayaan-3- ISRO all set to scale new height – PHOTOS
- Bajaj Auto, BHEL, Tech Mahindra, RBL Bank among 154 stocks that hit 52-week highs; 16 touch 52-week lows
- Buy these two stocks for near-term gains; Expect upside bounce in Nifty, target at 16,900
- Bear market phase offers great investment opportunity