Resurfacing a September 2022 move: ITC hit a 52-week high as Future Retail group stocks touched fresh lows
Back on September 5, 2022, in intraday trading, ITC rose to Rs 327.70, while Future Retail, Future Enterprises and Future Lifestyle Fashions were among BSE stocks at new 52-week lows.
ITC reached a fresh 52-week high of Rs 327.70 as Indian benchmarks gained. Future Retail, Future Enterprises and Future Lifestyle Fashions were among stocks hitting new 52-week lows, alongside several consumer, hospitality and retail-linked companies.
Why this matters
The historical divergence adds context to ITC's recent non-tobacco FMCG revenue crossing ₹24,000 crore and its cigarette portfolio redesign after a tax hike with ₹20,000 crore earmarked for growth.
Retail-company signals are accelerating, up +1,065,100% QoQ.