ITC hits 52-week high as retail names rally; Future group stocks slump to fresh lows
ITC touched a 52-week high of Rs 327.70 in a broad market rally with Sensex at 59,294 and Nifty at 17,678.30. Retail-relevant Vedant Fashions, Patanjali Foods, PC Jeweller and Indian Hotels also hit highs, while Future Retail, Future Enterprises and Future Lifestyle Fashions marked fresh 52-week lows amid the group's ongoing distress.
ITC hit a 52-week high of Rs 327.70 amid a broad market rally; retail-relevant names Vedant Fashions, Patanjali Foods, PC Jeweller and Indian Hotels also touched highs, while Future Retail, Future Enterprises and Future Lifestyle Fashions hit fresh 52-week lows.
Why this matters
ITC extends its run of 52-week highs seen alongside Future Retail and Biocon lows in prior BSE rallies, reinforcing the conglomerate's steady climb against distressed retail peers.
Retail-company signals are accelerating, up 671900% QoQ.