ITC hits fresh 52-week high in broad rally; Future Retail slides to new low
ITC touched a 52-week high of Rs 327.70 on September 5, 2022, as 200 BSE stocks scaled fresh highs amid a ~1% market rally. Retail names Vedant Fashions, Patanjali Foods and Indian Hotels advanced, while Future Retail, Future Enterprises and Future Lifestyle Fashions sank to new 52-week lows.
On September 5, 2022, ITC hit a new 52-week high of Rs 327.70 amid a broad market rally; retail names like Vedant Fashions, Patanjali Foods and Indian Hotels rose, while Future Retail, Future Enterprises and Future Lifestyle Fashions hit fresh lows.
Why this matters
ITC's fresh high extends its recent leadership among 200 BSE stocks hitting 52-week highs, while Future Retail again slumps to new lows, reinforcing a widening gap between the two names in retail.
Retail-company signals are accelerating, up +723600% QoQ.