ITC inches towards 52-week high; stock surges 17% in one month

In comparison, the S&P BSE Sensex and the S&P BSE FMCG index were up 1.6 per cent and 0.6 per cent, respectively, in the past one month

Shares of ITC continued their northward movement, and registered a five-month high at Rs 253.25, after they rose 1.3 per cent on the BSE in Wednesday's intra-day trade on expectation of healthy earnings. The stock of the cigarettes to fast moving consumer goods (FMCG) major is now closer to its 52-week high level of Rs 265.30, touched on October 18, 2021.

ITC has outperformed the market by surging 17 per cent in the past one month. In comparison, the S&P BSE Sensex and the S&P BSE FMCG index were up 1.6 per cent and 0.63 per cent, respectively.