ITC hits 52-week high as Future Retail, Future Enterprises slump to fresh lows in broad rally
ITC touched a new 52-week high of Rs 327.70, past its earlier Rs 324.20 peak, as it joined consumer and retail names like Vedant Fashions, Patanjali Foods and Indian Hotels among 200 BSE stocks at new highs. In contrast, Future Retail and Future Enterprises sank to fresh 52-week lows, underscoring the divergence in retail fortunes amid a Sensex above 59,294.
ITC hit a fresh 52-week high of Rs 327.70 amid a broad market rally, joining retail/consumer names like Vedant Fashions, Patanjali Foods and Indian Hotels, while Future Retail and Future Enterprises slumped to new 52-week lows.
Why this matters
ITC extends a run of fresh 52-week highs seen in recent sessions, again diverging from Future group stocks that keep sliding to new lows, highlighting a widening split in retail fortunes.
Retail-company signals accelerating, up 641400% QoQ.