ITC gains as its hospitality arm planning to increase number of properties under Welcomhotel brand

15 Jun 2021 Evaluate

ITC is currently trading at Rs. 207.85, up by 0.60 points or 0.29% from its previous closing of Rs. 207.25 on the BSE.

The scrip opened at Rs. 208.00 and has touched a high and low of Rs. 208.40 and Rs. 207.40 respectively. So far 698498 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 239.15 on 09-Feb-2021 and a 52 week low of Rs. 163.40 on 29-Oct-2020.

Last one week high and low of the scrip stood at Rs. 214.75 and Rs. 205.15 respectively. The current market cap of the company is Rs. 255716.24 crore.

The Institutions and Non-Institutions holding in the company stood at 55.29% and 44.71%.

ITC’s hospitality arm -- ITC Hotels is optimistic about domestic tourism prospects and planning to increase the number of properties under the brand Welcomhotel to 25 in a year from 19 now.

The brand opened two properties in a span of six months. Welcomhotel Tavleen Chail was unveiled on June 10, 2021 and Welcomhotel Shimla about six months ago. And Welcomhotel Ahmedabad and Welcomhotel Port Blair were relaunched in the March quarter. Collaborating with like-minded partners who bring unique hospitality experiences has further strengthened ITC Hotels footprint across the length and breadth of the country.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

ITC Share Price

428.55 0.55 (0.13%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
ITC 428.55
Godfrey Phillips 3090.50
VST Industries 3565.00
The Indian Wood Pro. 28.15
Golden Tobacco 37.95
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