ITC stocks jump as firm focuses on hotel biz
时间:2024-06-17 22:59:12 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
- Assam government unveils massive recruitment drive, announces 10,000 vacancies in THIS sector – Check details
- NDTV says share transfer needs I-T dept nod, Adani rejects claim
- Petrol, Diesel Price Today, 29 Oct 2022- Fuel prices unchanged; Check rates in Mumbai, Delhi, other cities
- Mumbai-Ahmedabad bullet train project completes 100 per cent land acquisition! NHSRCL shares latest update on India’s ambitious mega project
- Bank Nifty, Fin Nifty, PSU Bank, Private Bank indices jump; where are banking stocks headed- Check outlook
- Nafed to sell chana stocks to states at discounted prices
- Petrol and Diesel Rate Today, 29 December- Fuel rates steady; Check prices in Delhi, Mumbai, other cities
- Petrol, diesel consumption grow by 12% and 13% in February after winter lull
- Asian stocks wobble as traders weigh Fed rate pause option