ITC Hotels block deal overhang set to end; strong room addition pipeline to drive upside: Prashant Biyani

ITC Hotels’ upcoming block deal is unlikely to hurt the stock, says Elara Securities’ Prashant Biyani, who expects strong demand and room additions to drive upside. With aggressive expansion via management contracts, improving margins, and favourable hospitality sector trends, valuations still offer comfort. Key risks remain limited to any future slowdown in travel demand.