ITC shares are now trading ex-demergers, meaning their value is no longer based on the hotel business. ITC Hotels’ share price has been set at ₹455.60 during a special trading session on BSE and NSE.
ITC’s share price increased by ₹26 or 5.4% to ₹455.60 on NSE and ₹27 or 5.6% to ₹455 on BSE.
On Monday, January 6, the Indian stock exchanges (BSE and NSE) held a special pre-open session from 9.00 a.m. to 9.45 a.m. to determine the stock price of ITC Hotels. Normal trading in ITC shares resumed at 10:00 a.m.
ITC Hotels’ share price will be derived from the difference between the closing prices of ITC shares today, January 3, and the open price discovered during the SPOS.
ITC Hotels shares would be kept in all NSE and BSE indexes at a constant price, as discovered during the special pre-open session on January 6. However, ITC Hotels stock will be delisted from both NSE and BSE indexes at the last trading price, effective at the opening of ITC Hotels’ listing date + 3 working days.
More About ITC Shares
“ITC share price adjusted ₹27 lower after trading ex-date for hotels demerger session. ITC’s share price is currently around ₹455 apiece on the NSE and it has made a strong base at ₹430, which is expected to remain sacrosanct. ITC shareholders are advised to remain invested and add more in ₹430 to ₹450 zone, maintaining a strict stop loss of ₹100 below,” said Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi.
He suggests that new investors might purchase on dips between ₹450 and ₹430, with a stop loss of ₹400.
Dongre predicts that ITC stock might reach ₹520 if it closes above ₹480.
ITC Hotels Demerger Details
The record date for ITC Hotels’ demerger is today, January 6, and ITC shares will trade ex-demerger today. The demerger of ITC Hotels took effect on January 1, 2025.
ITC Hotels’ demerger ratio is 1:10, which means that shareholders will receive one share of ITC Hotels for every ten ITC shares owned. ITC Hotels’ share listing will be done separately, and the listing date has yet to be disclosed.
ITC Hotels will be the 51st constituent in the Nifty 50 and the 31st element in the Sensex, and its daily performance will be factored into index weight calculations. However, because it is not traded live, its market capitalization and price will remain unchanged until it is listed. Following its listing for three trading days, live market capitalization will be used to compute weight in all indices.
