ITC hits 52-week high as 200 BSE stocks peak; Future Retail, Biocon slide to fresh lows
ITC touched a new 52-week high of Rs 327.70 amid a broad rally that pushed 200 BSE stocks to yearly peaks, joined by consumer names Patanjali Foods, Vedant Fashions and PC Jeweller. Meanwhile, the troubled Future group trio — Future Retail, Future Enterprises and Future Lifestyle Fashions — sank to fresh 52-week lows alongside Biocon, as the Sensex held near 59,294.
What happened
On BSE, ITC hit a new 52-week high (Rs 327.70) alongside consumer names like Patanjali Foods, Vedant Fashions and PC Jeweller, while Future Retail, Future
Key facts
- ITC 52-week high Rs 327.70
- Sensex 59,294
- Nifty 17,678.30
- 200 BSE 52-week highs
- 32 BSE 52-week lows
What to watch
- Future group debt-resolution/NCLT and lender-committee updates
- ITC demerger/hotels-spinoff clarity and quarterly cigarette-FMCG margins
- Sensex sustaining above 59,000 vs breadth deterioration
- FII/DII flow data into consumer staples
- Biocon Biologics integration and USFDA/pipeline news
- ITC likely tests Rs 330-340 zone on momentum; watch for consolidation if broad breadth narrows
- Future trio to see continued volume-driven declines with circuit filters as retail exits distressed paper
- Rotation into other undervalued FMCG/consumer names as ITC re-rates
- Biocon weakness may drag select pharma sentiment; monitor for value-buying at lows