ITC hits 52-week high of Rs 327.70 as Future Group stocks slide to fresh lows
ITC touched a fresh 52-week high of Rs 327.70 amid a broad market rally that saw 200 BSE stocks hit new highs. Future group names (Retail, Enterprises, Lifestyle Fashions) slumped to new lows, while retail-linked Patanjali Foods, Vedant Fashions and Indian Hotels advanced. Sensex closed at 59,294; Nifty at 17,678.30.
ITC hit a fresh 52-week high of Rs 327.70 amid a broad market rally, while the beleaguered Future group stocks (Retail, Enterprises, Lifestyle Fashions) slid to new 52-week lows. Retail-linked names like Patanjali Foods, Vedant Fashions and Indian Hotels also gained.
Why this matters
ITC's Rs 327.70 peak extends a run of 52-week highs noted alongside 200 BSE stocks peaking, reinforcing its divergence from Future Group retail names sinking to fresh lows.
Retail-company signals accelerating, up 552700% QoQ.