ITC hits fresh 52-week high as Future Retail, Biocon slump to new lows in market rally
ITC touched a 52-week high of Rs 327.70, topping its prior peak of Rs 324.20, as roughly 200 BSE stocks scaled new highs. Retail-linked names bucked the trend: Future Retail, Future Enterprises and Future Lifestyle Fashions all sank to fresh 52-week lows amid the broader advance, with Sensex at 59,294 and Nifty at 17,678.30.
ITC hit a new 52-week high of Rs 327.70 as 200 BSE stocks peaked, while retail names Future Retail, Future Enterprises and Future Lifestyle Fashions slid to fresh 52-week lows amid a broader market rally.
Why this matters
ITC extends a repeated streak of 52-week highs amid broad BSE rallies, while Future group stocks and Biocon keep sliding to fresh lows, echoing prior signals of the same divergence.
Retail-company signals are accelerating, up +568700% QoQ.