Resurfacing a September 2022 move: ITC hit a 52-week high as Future Retail, Future Lifestyle sank to fresh lows
On Sept 5, 2022, ITC touched Rs 327.70 and joined Patanjali Foods, Vedant Fashions and Indian Hotels among 200 BSE stocks at 52-week highs amid a rally (Sensex 59,294; Nifty 17,678). But debt-laden Future Retail and Future Lifestyle Fashions slid to fresh 52-week lows, underscoring a widening split in retail-sector fortunes at the time.
On Sept 5, 2022, ITC, Patanjali Foods, Vedant Fashions and Indian Hotels hit 52-week highs amid a market rally, while retail names Future Retail and Future Lifestyle Fashions sank to fresh 52-week lows.