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After over 50% rise in 2022, is the stupendous rally in ITC fizzling out?

However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then

ITC
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ITC

Puneet Wadhwa New Delhi
ITC has been one of the best performing large-cap stock at the bourses thus far in calendar year 2022 (CY22), rallying nearly 52 per cent during this period and outperforming the sector benchmark – the S&P BSE FMCG index – by a wide margin that moved up around 17 per cent during this period.

ALSO READ: ITC scouts alternate structures for hotel biz; stock up 50% so far in 2022

However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex,

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First Published: Sep 28 2022 | 12:44 PM IST

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