ITC hits fresh 52-week high as Future Retail slumps to new low amid market rally
ITC touched a 52-week high of Rs 327.70 among 200 BSE stocks scaling new peaks. Meanwhile Future Retail, Future Enterprises and Future Lifestyle Fashions sank to fresh 52-week lows, underscoring the collapse of the Future retail group as the Sensex traded near 59,294.
ITC hit a fresh 52-week high of Rs 327.70 amid a broad market rally, while Future Retail, Future Enterprises and Future Lifestyle Fashions slumped to new 52-week lows, reflecting the collapse of the Future retail group.
Why this matters
ITC's fresh high extends its recent strength against a collapsing Future retail group, echoing prior signals of the trio sinking to lows even as ITC advances its patient FMCG strategy.
Retail-company signals are accelerating, up +594200% QoQ.