ITC Hotels shares extend rally for second day, rise 6% post-strong Q2; brokerages bullish, check share price targets
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓ITC Hotels shares jumped nearly 6 percent on Tuesday, 27 October, extending their rally for the second day.
- ✓The company reported a 52 percent rise in net profit for the September quarter.
- ✓Many brokerages remain bullish on the stock, citing strong demand and an expanding hotel portfolio across the country.
Story at a Glance
- Category
- MARKET
- Reported By
- Moneycontrol
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Shares of ITC Hotels, one of India's largest hospitality chains, jumped nearly 6 percent, extending their rally for the second day on Tuesday, 27 October, after the company reported strong earnings for the July-September quarter (Q2FY27), driven by robust revenue growth across its hotels and branded residences segments. Meanwhile, brokerages remained positive on the stock, citing strong demand, improving margins and an expanding hotel portfolio.
ITC Hotels shares opened at Rs 168.65 and rallied 5.67 percent to an intraday high of Rs 174.30, compared with previous closing of Rs 164.40, on the BSE. The stock, at around 11.21 am, was trading 1.76 percent higher at Rs 167.30.
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