Marquee investor GQG sells shares worth Rs 197 crore in ITC Hotels through bulk deal
Why it matters: GQG Partners' Rs 197 crore share sale impacts ITC Hotels' short-term stock performance.
- GQG Partners sold ITC Hotels shares valued at Rs 197 crore via a bulk deal.
- ITC Hotels' stock experienced a 20% correction, prompting the share sale.
- Analysts maintain a positive long-term outlook and 'buy' ratings, supported by steady hotel operations and real estate growth.
Marquee investor GQG Partners offloaded ITC Hotels shares worth Rs 197 crore, coinciding with a 20% stock correction. Despite this short-term dip, analysts maintain 'buy' ratings, citing strong long-term prospects driven by steady hotel operations and real estate growth.
