ITC hits 52-week high of Rs 327.70 as 200 BSE stocks peak; Future Retail slides to fresh low
ITC touched a new 52-week high of Rs 327.70, topping its previous Rs 324.20 mark, as 200 BSE stocks hit new highs including Patanjali Foods, Vedant Fashions and Indian Hotels. Meanwhile debt-laden Future Retail and other Future group entities slid to fresh 52-week lows, among 32 BSE new lows. Sensex traded at 59,294; Nifty at 17,678.30.
ITC hit a fresh 52-week high of Rs 327.70 amid 200 BSE stocks touching new highs, including Patanjali Foods, Vedant Fashions and Indian Hotels, while beleaguered Future Retail and Future group entities slid to fresh 52-week lows.
Why this matters
ITC's fresh peak continues its rally, echoing prior signals of new 52-week highs against sinking Future group retail stocks and Emkay's 'Add' rating with a Rs 310 target.
Retail-company signals accelerating, up 540400% QoQ.