Shares of tobacco-to-hotels conglomerate ITC are set to trade ex-demerger on Monday, January 6. The company’s stock will have a special pre-opening session.
ITC Hotels will eventually be added to the Sensex and Nify50 index temporarily. That is part of the process where ITC hotels will be added to every index that ITC is a part of.
The ITC hotel stock will be delisted from the gauges three days after listing.
Here is the list of NSE indices in which ITC is a part:
- NIFTY TOP 10 EQUITY WEIGHT
- NIFTY 200
- NIFTY 500
- NIFTY GROWTH SECTORS 15
- NIFTY DIVIDEND 50 CHANCES
- NIFTY INDIA FOOD
- NIFTY50 PRICE 20
- NIFTY100 QUALITY 30
- NIFTY LOW VOLATILITY 50
- NIFTY100 EQUAL WEIGHT
- NIFTY50 EQUAL WEIGHT
- NIFTY100 LOW VOLATILITY 30
- NIFTY ALPHA LOW-VOLATILITY 30
- NIFTY LOW-VOLATILITY QUALITY 30
- NIFTY ALPHA QUALITY LOW-VOLATILITY 30
- NIFTY ALPHA EQUALITY VALUE LOW VOLATILITY 30
- NIFTY LARGEMIDCAP 250
- NIFTY200 QUALITY 30
- NIFTY TOP 20 EQUAL EQUAL
- NIFTY500 MULTICAP 50:25:25
- NIFTY TOP 15 EQUITY WEIGHT
- NIFTY500 LARGEMIDSMALL EQUAL-CAP Weight
- NIFTY TOTAL MARKET
- RELATED NIFTY
- NON-CYCLICAL CONSUMER NIFTY
- NIFTY500 EQUAL WEIGHT
- NIFTY 100
- NIFTY FMCG
ITC Demerger News
Last year, ITC announced plans to divest its hotel business to unlock value for shareholders.
Analysts expect the demerger to allow the newly formed company to focus on growth within the luxury hospitality sector.
UPDATE: ITC Hotels to join Nifty
ITC allocations
As of January 3, ITC shares have grown 4.0 percent over the past year, underperforming the Nifty50’s 11.6 percent gain.
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