ITC hits fresh 52-week high; stock surges 17% in one month

ITC hit a fresh 52-week high of Rs 315, up 2.5% on the BSE, was the largest gainer among the S&P BSE Sensex at 09:38 am.

Shares of ITC hit a fresh 52-week high of Rs 315, up 2.5% on the BSE in early morning trade, extending gains of the past 4 weeks after the company’s June quarter net profit beat the Street estimates.

The stock of fast moving consumer goods (FMCG) company was the largest gainer among the S&P BSE Sensex at 09:38 am. It outperformed the market by surging 17% in past one month, as compared to a 4% rise in the benchmark index.

ITC, with Rs 3.84 trillion market capitalisation, was 4% away to hit Rs 4-trillion market-cap once again. It