{"id":104927,"date":"2023-07-05T19:07:37","date_gmt":"2023-07-05T13:37:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104927"},"modified":"2023-07-05T19:08:39","modified_gmt":"2023-07-05T13:38:39","slug":"blue-chip-stock-touched-record-high-after-demerger-of-companys-hotel-business-underway","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/blue-chip-stock-touched-record-high-after-demerger-of-companys-hotel-business-underway\/","title":{"rendered":"Blue chip stock touched record high after demerger of company&#8217;s Hotel business underway"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-522411030\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of the Indian conglomerate ITC Limited closed today at Rs, 475.10, gaining nearly 2 percent compared to the previous closing levels of Rs 466.35. The scrip hits its all-time high level at a price of Rs 480.65. The company has a market capitalization of Rs 5,91,000 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2604877929\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Such movements in stock prices are witnessed after sources responded to CNBC-TV18 that the demerger of ITC\u2019s Hotel business is underway. Further, it was also known that the conglomerate company is exploring alternate structures which are in line with the industry dynamics.&nbsp;<\/p><p>Digging into the consolidated financials, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ITC\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">ITC\u2019s<\/a><\/strong> operating revenues as well as net profits, portraying a smooth flow of business, have gone up with the former increasing from Rs 60,668 crores during FY21-22 to Rs 70,936 crores in FY22-23 and, the latter, moving from Rs 15,485 crores to Rs 19,427 crores.\u00a0<\/p><p>Moreover, the net profit margins have shown decent growth shifting from 25.52 percent during FY21-22 to 27.38 percent in FY22-23. Profitability metrics such as the return on capital employed (RoCE), keeping the timeframe the same, moved up from 31.89 percent to 35.81 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1237816921\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company has paid a total dividend of Rs 12.75 per equity share during FY22-23, thereby, making the dividend yield of 2.70 percent. Moreover, it paid out a special dividend of Rs 2.75 per equity share during the same period.&nbsp;<\/p><p>ITC Limited is primarily operating in the \u2018consumer goods\u2019 with the majority of its revenue coming from the sale of cigarettes. The company, broadly, has four business segments including Fast Moving Consumer Goods (FMCG), Paper &amp; Packaging, Hotels, and Agri-Business.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-85527309\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of the Indian conglomerate ITC Limited closed today at Rs, 475.10, gaining nearly 2 percent compared to the previous closing levels of Rs 466.35. The scrip hits its all-time high level at a price of Rs 480.65. The company has a market capitalization of Rs 5,91,000 crores.&nbsp; Such movements in stock prices are witnessed [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9811,9812,6217,3236,948,936,8798],"class_list":["post-104927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-itc-demerger","tag-itc-demerger-from-hotel-business","tag-itc-latest-news","tag-itc-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-itc-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blue chip stock touched record high after demerger of company&#039;s Hotel business underway - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/blue-chip-stock-touched-record-high-after-demerger-of-companys-hotel-business-underway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blue chip stock touched record high after demerger of company&#039;s Hotel business underway\" \/>\n<meta property=\"og:description\" content=\"Shares of the Indian conglomerate ITC Limited closed today at Rs, 475.10, gaining nearly 2 percent compared to the previous closing levels of Rs 466.35. 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