ITC hits 52-week high as retail names rally; Future group stocks slump to fresh lows
ITC touched Rs 327.70 in a broad market rally, joined by retail-linked names Vedant Fashions, Patanjali Foods and PC Jeweller among 200 BSE 52-week highs. Future Retail, Future Enterprises and Future Lifestyle Fashions sank to fresh 52-week lows, underscoring the group's continued distress.
ITC hit a 52-week high of Rs 327.70 amid a broad market rally, joined by retail-linked names like Vedant Fashions, Patanjali Foods and PC Jeweller, while Future Retail, Future Enterprises and Future Lifestyle Fashions slumped to fresh 52-week lows.
Why this matters
ITC extends its recent run of 52-week highs, echoing prior sessions where it climbed as Future Retail and Biocon slid to new lows, reversing its earlier slump near a 52-week low and worst annual returns in 22 years.
Retail-company signals are accelerating, up 788700% QoQ.