ITC up 30% in 2022: Will Godfrey Phillips, NTC, Golden Tobacco follow suit?

Charts reveal that ITC seems poised for another 15 per cent rally; Similarly, Godfrey Phillips has seen a "Golden Cross" and looks promising while others are seen testing historic support levels.

Shares of ITC scaled a new '52-week high in May 2022 at a a time when the benchmark indices, BSE Sensex and Nifty 50 traded on a weak note and pointed at a downside towards their respective 52-week lows. The share price of the conglomerate having presence in the tobacco segment has soared 30 per cent so far in this calendar year. 

A look at the tobacco peers reveal that Godfrey Phillips has gained 4 per cent so far this year, while others like NTC Industries and Golden Tobacco trade with losses on YTD basis.

Given ITC's sheer outperformance,