ITC Hotels Shares Retreat on March 24, 2025, After Sharp 11% Jump in Last Session

ITC Hotels’ share price recently surged to its 52-week high of ₹204.51 on March 21, 2025, reflecting strong investor sentiment. However, in the latest trading session on March 24, 2025, the stock declined by 3.21% to ₹192.50, following an 11% rally in the previous session.

The stock opened at ₹193.98, reached an intraday high of ₹196.70, and touched a low of ₹192.24.

ITC Hotels Joins FTSE All-World Index

ITC Hotels has recently been included in the FTSE All-World Index, with a weightage of $52.6 million. This development is expected to contribute to overall inflows of $1.4 billion to $1.6 billion into Indian equity markets following the index rebalancing, as per news reports.

The company, which was spun off from ITC to enhance shareholder value, has witnessed a positive market response since its independent listing. ITC Hotels debuted at ₹188 per share on the BSE and ₹180 on the NSE, reflecting strong investor interest.

ITC Hotels Targets Doubling Growth in 5 Years

As India’s second-largest listed hotel chain following an owner-operator model, ITC Hotels maintains a well-diversified portfolio and a robust financial position. The company is actively scaling up underutilised greenfield projects, which contribute to 20% of its total room capacity.

Currently, ITC Hotels operates 140 properties with over 13,000 keys across 90 locations. With an ambitious expansion plan, the company aims to grow its portfolio to over 200 hotels with 18,000 keys within five years, with two-thirds of its properties under management contracts.

Having launched 30 hotels in the past two years, ITC Hotels is set to continue its rapid growth by adding at least one new property per month over the next two years.

Conclusion

While the stock witnessed a pullback after its sharp rally, investor interest remains strong, driven by its long-term vision and strategic initiatives.

Investors should stay informed about future developments and market trends while making investment decisions.

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