New Delhi, Aug. 25 -- Shares of recently demerged ITC Hotels have rallied a whopping 50% in six months. The company's debt-free status, strong balance sheet and expansion plans, along with industry tailwinds, have fueled this rise in ITC Hotels shares.

ITC entered the hospitality business five decades ago, and since then, it has evolved into an industry leader. ITC Hotel's portfolio is spread across six distinct hotel brands with ~62% inventory under 'ITC Hotels' and 'Mementos' brands, which are positioned in the luxury segment.

The company, during its Q1 earnings, said it achieved a key milestone of crossing the 200 hotels mark and is now targeting to reach 220 operational hotels and over 20,000 keys by 2030.

"Having developed a stron...