On the BSE in intra-day trade today(16th Sept.2021) ITC hit a seven-month high of Rs 233.30, up 8 percent The move comes on the expectation of a likely improvement in the business outlook. The stock is trading at its highest level since February 2021. It had touched a 52-week high of Rs 239.15 on February 9, 2021.
In past one year, the stock has underperformed the market by gaining 28 percent, as compared to 50 percent surged in the S&P BSE Sensex. In the past three years, ITC's share price dipped 25 percent, against a 55 percent rally in the benchmark index.
However, technical charts suggest the counter can move up further in the days ahead.
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