ITC hits 52-week high as Future Group retail stocks slide to fresh lows
ITC touched a new 52-week high of Rs 327.70 amid broad market gains, with 200 BSE stocks at fresh highs. Retail-linked Future Retail, Future Enterprises and Future Lifestyle Fashions slid to 52-week lows, while Patanjali Foods, Vedant Fashions and PC Jeweller also notched highs.
ITC hit a new 52-week high of Rs 327.70 amid broad market gains, while retail-linked Future Retail, Future Enterprises and Future Lifestyle Fashions slid to fresh 52-week lows. Patanjali Foods, Vedant Fashions and PC Jeweller also touched highs.
Why this matters
ITC's 52-week high at Rs 327.70 echoes repeated recent signals of the stock leading BSE gainers, while the Future Group trio's slide to fresh lows underscores a widening divide between consumer majors and distressed retailers.
Retail-company signals are accelerating, up 453300% QoQ.