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ITC Shares Rally On Re-Opening Of Plants

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Shares of ITC rose over 2 per cent on Bombay Stock Exchange (BSE) after the company said it is re-opening its factory units. The company, along with other peers, had stopped work at its factories in protest of the government's decision to make 85 per cent pictorial warning on cigarette packages compulsory.

ITC Shares Rally On Re-Opening Of Plants
The company said it will re-open factories in a phased manner to comply with the Supreme Court's ruling for 85 per cent pictorial warning in packages.
 

Reacting to the news, shares of the company gained 1.7 per cent to Rs 323.30 on the Bombay Stock Exchange.

Shares of ITC surged 1.92 per cent to Rs 323.80 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 25,569 points, up 341 points, or 1.25 per cen.

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Read more about: itc
Story first published: Monday, May 9, 2016, 13:25 [IST]
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