ITC hits 52-week high at Rs 327.70 as Future Retail, Biocon sink to fresh lows
On Sept 5, 2022, ITC topped its previous 52-week high of Rs 324.20 to touch Rs 327.70, among 200 BSE stocks scaling new peaks. In contrast, Future Retail, Future Enterprises and Future Lifestyle Fashions slid to fresh 52-week lows amid broadly higher markets, with Sensex at 59,294 and Nifty at 17,678.30.
On Sept 5, 2022, ITC hit a new 52-week high (Rs 327.70) among 200 BSE gainers; Future Retail, Future Enterprises and Future Lifestyle Fashions slid to fresh 52-week lows amid broad market gains.
Why this matters
ITC's fresh high extends a run of retail names diverging, with Future group stocks sinking to lows. It follows ITC's push into new categories like B Natural Coconut Cola and healthier fizz bets.
Retail-company signals are accelerating, up 814900% QoQ.