ITC: "Will"(s) "Gold Flake" assist "Ashirwad" to win "Bingo!"?

True, the 504.4 shown as an example calculation.

Folks, do we think passive fund selling is mostly over for ITC Hotels or there can be few more days of LC ?? Today was a special trading day so does it count for the 3 days cutoff when the stock should be excluded from the index (LC days does not count ) Looking to accumulate

Has BAT already sold? Are they selling via open market or block deal? I don’t think with initial selling pressure, without block deal they would get any buyers…I maybe wrong here….

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Only passive index funds are forced sellers. With the price action, looks like passive selling is absorbed.

BAT no disclosures seen so they must be holding for the time being. They had said - "ITC Hotels, definitely there is no intention for us to be shareholders in hotels in India. Let’s be very clear. So, whenever we believe there is the right timing, we’re going to sell it,” Marroco

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Price action shouldn’t be the guide. We have to see the volumes.

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https://www.business-standard.com/markets/news/itc-hotels-removed-from-sensex-dr-agarwal-slips-on-stock-market-debut-125020401354_1.html

ITC Hotels was removed from the benchmark Sensex and other BSE indices on Tuesday. The company, which was spun off from ITC, was temporarily included in the Sensex and a few other indices to enable passive funds to rebalance their portfolios.

ITC Hotels began trading separately on January 29. “As ITC Hotels did not hit the lower circuit till the cut-off time, the company will be dropped from all the BSE indices effective prior to the open of trading on Wednesday,” BSE said in a notice.

Shares of the luxury hotel operator last closed at Rs 165, down 4.2 per cent, with over Rs 700 crore worth of shares changing hands. Index trackers had to sell shares worth over Rs 400 crore on account of the stock’s Sensex exclusion. Another Rs 700 crore worth of selling is anticipated when ITC Hotels is removed from NSE Nifty

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