ITC hits fresh 52-week high as Future Retail group stocks slide to new lows
On Sept 1, 2022, ITC (Rs 321.70) featured among 205 BSE stocks touching 52-week highs, alongside Maruti Suzuki and M&M. Meanwhile, Future Retail, Future Enterprises and Future Lifestyle Fashions fell to new lows, extending the group's distress amid a broad market decline.
On Sept 1, 2022, ITC hit a fresh 52-week high among 205 BSE gainers, while Future Retail, Future Enterprises and Future Lifestyle Fashions slid to new lows amid a broad market decline.
Why this matters
ITC extends its uptrend after prior sessions where it hit 52-week highs as Future Retail and Biocon sank to lows, a sharp reversal from its earlier near 52-week low and worst 22-year returns.
Retail-company signals accelerating, up 780800% QoQ.