Resurfacing a September 2022 move: ITC hit fresh 52-week high as Future Retail group stocks slumped to new lows
On September 5, 2022, ITC touched a 52-week high of Rs 327.70, joining nearly 200 BSE stocks including Patanjali Foods, Vedant Fashions, PC Jeweller and Indian Hotels at new highs. Meanwhile Future Retail, Future Enterprises and Future Lifestyle Fashions sank to 52-week lows amid a broadly higher market (Sensex 59,294; Nifty 17,678.30).
ITC, Patanjali Foods, Vedant Fashions, PC Jeweller and Indian Hotels hit 52-week highs while Future Retail, Future Enterprises and Future Lifestyle Fashions slumped to 52-week lows amid a broadly higher market.
Why this matters
ITC's September 2022 52-week high underscores its steady premiumisation-led momentum, contrasting with the Future group's collapse. It aligns with ITC's H2 demand optimism and its upcoming July 31 Q1 FY27 board meet.
Retail-company signals are accelerating, up +899400% QoQ.