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ITC Hotels shares were temporarily included in the Sensex and other indices for portfolio rebalancing by passive funds
ITC Hotels shares to be delisted from Sensex and other BSE indices today
The share price of ITC Hotels will be in focus on Wednesday, as the stock will be removed from the Sensex and other BSE indices before trading begins on February 5, 2025. ITC Hotels, a demerged entity of ITC Ltd, was listed separately last month.
The stock was temporarily included in the Sensex and other indices for portfolio rebalancing purposes by passive funds. ITC Hotels shares began trading on Indian stock exchanges on January 29.
Since ITC Hotels did not hit the lower circuit limit by the cut-off time of 2 pm on Tuesday, February 4, it will be removed from the BSE indices.
According to a notice on the BSE, “As ITCHOTELS did not hit the lower circuit by the cut-off time, the company will be dropped from all BSE indices effective before the opening of trading on Wednesday, February 5, 2025.”
