ITC shares eye fresh record high, Rs 500 target in sight?
The stock of ITC has proved to be a dark horse this year. The FMCG share, termed as a defensive and safe bet for long, has surged 50 per cent in 2022. Shares of ITC, which closed at Rs 218 on December 31 climbed to a record high of Rs 330.55 level today, translating into a gain of 51.62 per cent during the period. Before the ongoing rally, ITC stock had been in a consolidation mode. It stood at Rs 216 on December 11, 2020. In fact, the stock closed at Rs 208 on February 24 this year, the day when Russia started military action on Ukraine, leading to a carnage in the stock markets worldwide,...
Source: businesstoday.in
