Shares of 5-star hotel chain operator and country's largest cigarette maker - ITC are hitting fresh 52-week highs for quite some time now. ITC stock has outperformed the Nifty 50 index by rising 30 per cent since the start of this year compared with 6.5 per cent decline in the Nifty 50 index. The surge in ITC stock price has come after a long period of underperformance when Nifty 50 index was hitting record highs during September-October last year the ITC shares were massively underperforming the markets.