ITC hits 47-month high in a weak market on heavy volumes; up 5% in 1 month

Shares of ITC, the diversified fast moving consumer goods (FMCG) company, hit a fresh 47-month high of Rs 316.95, up 1.5 per cent on the BSE in Monday's intra-day trade in an otherwise weak market amid heavy volumes.

The stock was trading at its highest level since September 3, 2018. ITC had hit a record high of Rs 353 on July 3, 2017.

In the past one week, ITC has outperformed the market by gaining 3 per cent, as against nearly 1 per cent decline in the benchmark Sensex. Moreover, in the past one month, it gained 5