09 Apr 2026 | 5 Mins Read
ITC Hotels shares volatile after GQG sells major stake
Flipitmoney
GQG Partners sold 1.29 crore ITC Hotels shares worth Rs 197 crore, a partial stake sale, after holding 4.12 crore shares or 1.97% stake. Shares have declined 22% in 2026, amid a broader selloff. Brokerages remain bullish on long-term growth, driven by rising occupancy and real estate revenue. Elara Capital has a "buy" rating with a revised target price of Rs 253.