ITC hits fresh 52-week high as Future group stocks slide to new lows
ITC touched a 52-week high of Rs 327.70 amid a broad market rally that saw 200 BSE stocks hit new highs. Retail-linked Future Retail, Future Enterprises and Future Lifestyle Fashions slumped to fresh 52-week lows, while Patanjali Foods and Vedant Fashions ranked among gainers.
ITC hit a fresh 52-week high of Rs 327.70 amid a broad market rally, while retail-linked stocks Future Retail, Future Enterprises and Future Lifestyle Fashions slid to fresh 52-week lows; Patanjali Foods and Vedant Fashions among gainers.
Why this matters
ITC's Rs 327.70 high extends a run of record levels, echoing prior signals as retail names rallied and Future group stocks kept sinking. JPMorgan recently flagged packaged foods as its top FMCG bet despite ITC revenue pressure.
Retail-company signals are accelerating, up 495700% QoQ.