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 amid a broad market advance, joined by consumer plays Vedant Fashions, Patanjali Foods and PC Jeweller. Meanwhile Future Retail, Future Enterprises and Future Lifestyle Fashions slid to fresh 52-week lows, underscoring the widening divergence across India's retail equity landscape.
ITC hit a new 52-week high of Rs 327.70 amid a broad market rally, joined by retail/consumer names like Vedant Fashions, Patanjali Foods and PC Jeweller, while Future Retail, Future Enterprises and Future Lifestyle Fashions slid to 52-week lows.
Why this matters
ITC extends a pattern of 52-week highs even as Future Group's retail trio keeps sinking to new lows, echoing prior signals despite ITC's recent 15% two-day drop on the cigarette tax overhaul and Nuvama downgrade.
Retail-company signals are accelerating, up 730400% QoQ.