ITC rallies 12 per cent in two weeks; stock hits over 3-month high

The stock was up 2% at Rs 242 on the BSE in intra-day deal, its highest level since November 18, 2021

Shares of ITC hit an over three-month high of Rs 242, up 2 per cent on the BSE in Wednesday's intra-day trade, on expectation of healthy earning going ahead. It traded at its highest level since November 18, 2021.

In the past two weeks, the stock has outperformed the market by surging 12 per cent, as compared to a 5 per cent decline in the S&P BSE Sensex. The stock was close to its 52-week high level of Rs 265.30 touched on October 18, 2021.

In the past one month, the stock of ITC has gained 4 per