ITC hits 52-week high as Future Retail group slides to fresh lows in Sensex rally
On Sept 5, 2022, ITC touched a 52-week high of Rs 327.70 among 200 BSE stocks scaling new peaks, joined by Patanjali Foods, Vedant Fashions, PC Jeweller and Indian Hotels. Meanwhile Future Retail, Future Enterprises and Future Lifestyle Fashions hit fresh 52-week lows as the Sensex traded at 59,294 and Nifty at 17,678.30.
On Sept 5, 2022, ITC, Patanjali Foods, Vedant Fashions, PC Jeweller and Indian Hotels hit 52-week highs amid a Sensex rally, while Future Retail, Future Enterprises and Future Lifestyle Fashions slid to fresh 52-week lows.
Why this matters
ITC continues its upward run alongside Vedant Fashions and PC Jeweller, mirroring an earlier signal where Future Group stocks slumped to fresh lows while ITC climbed, underscoring a widening divergence in Indian retail equities.
Retail-company signals are accelerating, up 421900% QoQ.