ITC posts sharpest monthly rally since November 2020; surges 16% in March

In November 2020, ITC had rallied 17.2 per cent in a single month, while in June 2009, it had zoomed 31 per cent during the month

Shares of ITC recorded their sharpest monthly rally in the past sixteen months, surging 16 per cent in the month of March 2022.  With this, the stock became the top gainer among the S&P BSE Sensex and Nifty50 stocks in the month of March. The benchmark indices were up 4 per cent during the month.

Earlier in November 2020, ITC had rallied 17.2 per cent in a single month. Meanwhile, in June 2009, the stock had zoomed 31 per cent during the month, data shows.

The stock is now closer to its 52-week high level of Rs 265.30,