The stock may have plunged more than 30% on listing, but beneath the volatility lies a powerhouse with no debt, ₹1,500 crore in cash reserves, and an ambitious expansion plan. Does it have the makings of a shrewd investment?

Shares of ITC Hotels fell in debut trade on Wednesday, following its spin-off from consumer goods firm ITC , valuing the luxury hotels operator at 366.2 billion rupees ($4.23 billion).

Jefferies expects the ITC Hotels to see outflows related to ETF selling, "Given ITC is part of key indices, ITC Hotels could see outflows to the tune of $190-200 million (based on

ITC Hotels shares were listed at ₹188 apiece on the BSE, a discount of 30.37% to the discovered price of ₹270 per share.

ITC will continue to hold 40 per cent of ITC Hotels, while the remaining 60 per cent was distributed among the shareholders whose name appeared on the books of ITC Ltd on January 6, the day the demerg

By Hritam Mukherjee (Reuters) -Shares of ITC Hotels fell in debut trade on Wednesday, following its spin-off from consumer goods firm ITC, valuing the luxury hotels operator at 366.2 billion rupees ($4.

Notably, the listing price is slightly higher than Nuvama's estimate, which expected the shares to be listed at a range of ₹150-175 per share