Resurfacing a September 2022 move: ITC hit a 52-week high of Rs 327.70 as Future group stocks slumped to fresh lows
Back in September 2022, ITC touched a fresh 52-week high of Rs 327.70 amid a broad market rally, with 200 BSE stocks scaling new peaks. Meanwhile, Future Retail, Future Enterprises and Future Lifestyle Fashions sank to 52-week lows, underscoring the diverging fortunes of India's consumer and retail names at that time.
ITC hit a fresh 52-week high (Rs 327.70) amid a broad market rally, while consumer/retail names Future Retail, Future Enterprises and Future Lifestyle Fashions touched fresh 52-week lows on BSE and NSE.
Why this matters
This resurfaced September 2022 move mirrors prior signals showing ITC scaling 52-week highs as Future Retail, Future Lifestyle and other Future group retail stocks slid to fresh lows, marking a clear divergence.
retail-company theme accelerating at +900200% QoQ