ITC hits over 11-month high in muted market; stock up 10% in a week

ITC's FMCG business is expected to continue its growth momentum with higher growth in packaged foods categories, brokerages believe

Shares of ITC were trading higher for the sixth straight day on Monday, up 1.4 per cent on the BSE in an otherwise weak market. The stock also hit over 11-month high of Rs 221. In comparison, the S&P BSE Sensex was down 0.67 per cent at 48,705 points, at 12:52 pm.
 

In the past one week, ITC' stock has outperformed the market by gaining 10 per cent as compared to a 1 per cent decline in the benchmark index. It was trading at its highest level since February 1, 2020. ITC hit a 52-week high of Rs 243 on