Bengaluru, June 6 -- The shares of ITC and ITC hotels are in focus after American-based GQG Partners (Listed in Australia) plans to raise its stake again in the companies. In this article, we will dive deep into the details.

With a market capitalization of Rs 5,25,656 crores, the shares of ITC Ltd are currently trading at Rs 420 per share, down by 16 percent from its 52-week high of Rs 500 per share. Over the last five years, the stock has delivered a return of 110 percent.

GQG Partners, globally recognized for boldly betting against the market with a contrarian investment in the Adani Group, is once again doubling down on its interest in ITC and its hospitality business, ITC Hotels.

According to sources, GQG plans to increase its stak...