Why ITC shares are falling on hotels business demerger announcement
Shares of retail favourite ITC went up 40% this year in anticipation of the hotels business demerger but as soon as the company announced the spin-off, traders started to dump the stock. On Monday, it declined 4% and then in Tuesday's trade it fell another 3%, taking the slide to 7% in 2 days. Here are a few reasons why investors are selling ITC shares now.
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