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ITC Hotels to acquire 130-key hotel in Ahmedabad

ITC Hotels Limited is set to acquire a 100% stake in GHK Hospitality, owner of Welcomhotel Ahmedabad, featuring 130 keys. This strategic move aims to bolster ITC's hospitality footprint in a prime location.

pre-market1 source ↓written by the desknot a recommendation

in GHK Hospitality
100% stake
featuring
130 keys

ITC Hotels Limited announced the acquisition of a 100% stake in GHK Hospitality and Infrastructures Ltd., which owns the Welcomhotel Ahmedabad. This hotel, featuring 130 keys, is strategically located along Ashram Road, near the Sabarmati Riverfront and Ahmedabad International Airport.

This acquisition strengthens ITC's presence in the hospitality sector, potentially enhancing revenue streams and market competitiveness.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 18 Jul 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ITC closed +0.7% on the day of the news, from ₹280.70 to ₹282.70; Nifty −0.4% over the same session; futures OI 0.0%.

Bulletin at 07:02 IST on 18 Jul 2026. Every change is measured from ₹280.70, the last close before it, on 17 Jul. Nifty 50 is measured over the same sessions.

  • ITC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ITC closes around the bulletin against the close before the news, with Nifty 50 rebased to it259.25280.70302.15axis spans 17%before the news · 17 Jul280.70Nifty 50ITCbulletinD0+1+3+513 Jul23 Jul3 AugFutures open interest, lotspeak 1.1 LReference close ₹280.70. 16 sessions from 13 Jul to 3 Aug; the price axis spans 17 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before17 Jul₹280.70basebase
On the day20 Jul₹282.70▲ +0.7%▼ −0.4%+1.1 pp difference
+1 session21 Jul₹281.00▲ +0.1%▼ −0.6%+0.7 pp difference
+3 sessions23 Jul₹281.30▲ +0.2%▼ −1.9%+2.1 pp difference
+5 sessions27 Jul₹285.85▲ +1.8%▼ −1.4%+3.2 pp difference
Gap at the open, % · ₹
0.0%0.00 on 20 Jul
Day's range, % · ₹
1.5%≈ 4.2 high to low
Volume on the day
0.77×the 20-session average
Futures OI on the day
0.0%+25 lots · long build-up · price +0.7%
Futures OI open, lots
1.0 L20 Jul · 28 Jul expiry
Futures premium, ₹
+0.35+0.1% to spot
Puts per call, by OI
0.66from 0.66 the session before
Max pain
290from 290 the session before

Source NSE UDiFF bhavcopy · ITC on the desk →

Thread · ITCAll ITC bulletins →

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