ITC Hotels Stock: A US-based investment firm has sold shares of ITC Hotels Ltd through an open market transaction. According to details available, GQG Partners has sold shares of ITC Hotels worth Rs 197 crore.
In total, the firm offloaded nearly 1.29 crore shares of ITC Hotels on Wednesday (April 8, 2026), according to bulk deal data available on the National Stock Exchange (NSE)
NRI Rajiv Jain-backed GQG Partners, through its affiliate GQG Partners Emerging Markets Equity Fund, sold 1,28,87,559 shares, equivalent to 0.62 per cent stake in ITC Hotels.
ITC Hotels share price target 2026 | ITC Hotels Stock
The shares of ITC Hotels were sold by GQG Partners at an average price of Rs 152.67 apiece.
After the recent stake sale, GQG Partners' holding in ITC Hotels has reduced to 1.35 per cent. Before the transaction, GQG Partners held a 1.97 per cent stake in the company.
Details related to the buyers of ITC Hotels' shares are not known yet.
ITC Hotels Stock Target 2026
ITC Hotels was demerged from ITC Limited in January 2025. ITC Hotels shares were listed on January 29, 2025, at Rs 188 on BSE and Rs 180 on NSE.
ITC Hotels shares on April 8, 2026, closed nearly 4 per cent higher at Rs 152.50 on the NSE.
Meanwhile, Brokerage firm Elara Capital has recommended a Buy rating on ITC Hotels shares for a target price of Rs 253. The target price implies an upside of more than 60 per cent from April 8's closing.
