ITC hits 52-week high in 200-stock BSE rally as Future Retail sinks to fresh low
ITC touched a 52-week high of Rs 327.70, past its earlier Rs 324.20 peak, as roughly 200 BSE stocks set new highs amid a broad rally (Sensex 59,294; Nifty 17,678.30). Consumer names Patanjali Foods, Vedant Fashions and PC Jeweller joined the gainers, while the debt-laden Future group and Biocon slid to fresh 52-week lows.
ITC hit a 52-week high of Rs 327.70 amid a broad market rally, joined by retail/consumer names like Patanjali Foods, Vedant Fashions and PC Jeweller, while beleaguered Future Retail and Future group entities slid to fresh 52-week lows.
Why this matters
ITC extends its 52-week-high run, echoing an earlier broad rally where Future Retail and Biocon slid to lows. The gains follow a sharp 15% two-day drop after a cigarette excise shift and Nuvama's downgrade to 'Hold'.
Retail-company signals accelerating, up +742300% QoQ.