ITC Hotels share price is on a winning streak, surging 11% to hit a 52-week high of Rs 204.40 on Friday, just minutes before the closing bell. However, the shares of the company ended the day at Rs 194 per share, up by nearly 6%.
The newly listed hospitality giant has been drawing significant attention, riding on a wave of optimism in the hotel and tourism sector. Since its listing in January 2025, the stock has gained nearly 18%.
Here are three key reasons behind ITC Hotels latest rally: 1. Strong market momentum in hospitality stocks
With the festive and vacation season around the corner, travel and hotel stocks are back in focus. ITC Hotels, being a fresh listing, is among the top gainers as investors look for opportunities in this booming sector.
2. Inclusion in the FTSE All-World index
As per reports, ITC Hotels was recently added to the FTSE All-World Index. The company’s weightage in the index stands at $52.6 millions. The broader Indian equity markets are expected to witness inflows between $1.4 billion and $1.6 billion following this rebalancing.
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ITC Hotels was spun off from ITC to unlock value for shareholders, and its independent listing has been well received by the market. Since debuting at Rs 188 per share on the BSE and Rs 180 on the NSE.
ITC share performance
The share price of ITC Hotels has risen 15% in the last five days and surged 19% over the past month. Year-to-date (YTD), the stock has gained 13%.
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