ITC, Vedant Fashions, PC Jeweller hit 52-week highs as Future Group stocks slump to fresh lows
Amid a broad market rally with 200 BSE stocks at new 52-week highs, ITC touched Rs 327.70 alongside Patanjali Foods, Vedant Fashions, Indian Hotels and PC Jeweller. Future Retail, Future Enterprises and Future Lifestyle Fashions sank to fresh 52-week lows, underscoring the group's continued distress.
ITC, Patanjali Foods, Vedant Fashions, Indian Hotels and PC Jeweller hit 52-week highs amid a market rally, while Future Retail, Future Enterprises and Future Lifestyle Fashions slumped to fresh 52-week lows.
Why this matters
ITC's stock strength comes as the company reshapes distribution, exploring direct-to-retail supply that bypasses traditional distributors and a factory-to-retail model to cut delivery lead time to one day.
Retail-company signals are accelerating, up 418700% QoQ.