ITC fails to fully check out of the hotels business, Street not amused

ITC fails to fully check out of the hotels business, Street not amused https://ift.tt/5Ac9pwr, in a behaviour typical of the markets of buying on rumours and selling on news, the ITC stock that had hit a record high of ₹499.6 in the trading session on Monday eventually retreated 4%. The stock has gained over 40% year-to-date and the expectation of the demerger of its hotel business played a large role in this rally.