This stock has moved from Rs 249.75 to Rs 348.75 level.
While advising to buy this stock, the expert has given the next target of Rs 350.
5 years ago in 2017, ITC’s stock made an all-time high of 367.70 on July 10.
New Delhi. ITC share price has reached a new 52 week high on Thursday. Today this stock was seen trading with a gain of 2 percent at Rs 348.75. This was its high till about 11 o’clock. Since February 2022, this stock has been continuously moving in an upward direction.
The fight between Russia and Ukraine started only in February 2022 and the markets and stocks around the world were going down, but the stock of ITC continued to strengthen. Since then, it has seen an increase of 40 percent. This stock has moved from Rs 249.75 to Rs 348.75 level.
What will happen next?
According to a report by Zee Business, market expert Mudit has said that this stock is rising by making annual new highs and its uptrend may continue in the coming times as well. According to the same report, Sandeep Wagle has given the next target of Rs 350 while advising to buy the ITC stock.
What is ITC’s all time high?
5 years ago in 2017, ITC’s stock made an all-time high of 367.70 on July 10. Since then this stock has been falling continuously and on March 13, 2020, made a low of 134.60. Currently, the stock is trading above the 20, 50 and 100 day moving averages. This means that the stock is in the bullish zone for short to long term. It can be trailed till it stays above the 20 day moving average.
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FIRST PUBLISHED : September 22, 2022, 11:26 IST