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ITC shares tank 7% in 2 days after demerger news; ITC hotels demerger to unlock value for shareholders? See what analysts say; check ITC Hotels unit expected share price, other details

Shares of ITC extended their recent fall to the third straight session on Tuesday. The stock fell over 3% to hit an intraday low of Rs 455.40 on NSE. The slump comes after the FMCG major announced the much-awaited demerger of its hotels business under a scheme of arrangement. Watch this Visual Story to see if what this demerger means for shareholders. Also, check ITC Hotels expected share price, ITC share price target, and more. ....

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itc: How Rajeev Thakkar and EA Sundaram spotted ITC in 2019 and got their big value calls right

Once plagued by a downward trajectory, ITC is gaining momentum, thanks to the company s proposed demerger of its hotel business. In 2019, Rajeev Thakkar of PPFAS Mutual Fund and EA Sundaram of o3 Wealth and Asset Management saw the stock as a value buy and believed it to become the next big FMCG company. ....

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