ITC hit a 52-week high as Future Group stocks touched fresh lows back in September 2022, resurfacing now
Resurfacing a September 2022 move: on September 5, 2022, ITC rose to a 52-week high of Rs 327.70 amid a broader market rally, while Future Retail, Future Enterprises and Future Lifestyle Fashions were among BSE stocks at new 52-week lows.
ITC reached a fresh 52-week high of Rs 327.70 as Indian benchmarks rose. Future Retail, Future Enterprises and Future Lifestyle Fashions were among stocks touching new 52-week lows, highlighting market pressure on the Future Group.
Why this matters
The resurfaced September 2022 divergence follows related signals on ITC's ₹327.70 high and Future Retail/Future Lifestyle lows, while ITC has since reported non-tobacco FMCG revenue above ₹24,000 crore.
Retail-company signals are accelerating, up +1095900% QoQ.