ITC hit 52-week high as Future Group retail stocks touched fresh lows (resurfacing a September 2022 move)
Resurfacing a September 5, 2022 move: ITC rose to ₹327.70, a new 52-week high, while Future Retail, Future Enterprises and Future Lifestyle Fashions were among BSE stocks at fresh yearly lows.
What happened
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
Key facts
- ITC hit a 52-week high of Rs 327.70, versus its previous high of Rs 324.20
- Sensex rose nearly 500 points to 59,294
- Nifty 50 reached 17,678.30
- 200 BSE stocks hit 52-week highs
- 32 BSE stocks hit 52-week lows
- 82 NSE stocks hit 52-week highs
- 15 NSE stocks hit 52-week lows
Why this matters
Future Group’s share-price collapse may create restructuring or asset-acquisition opportunities, while ITC’s strength improves its strategic flexibility for retail and FMCG expansion.