Sensex 77,569.39 ▲ +1.08% Nifty 24,206.90 ▲ +1.02% 22k Gold ₹ 13,275/gm Silver ₹ 2,40,000/kg Petrol ₹ 111.21 Diesel ₹ 97.83 LPG ₹ 941.50 Crude Oil $ 77.02 USD ₹ 95.35 Sensex 77,569.39 ▲ +1.08% Nifty 24,206.90 ▲ +1.02% 22k Gold ₹ 13,275/gm Silver ₹ 2,40,000/kg Petrol ₹ 111.21 Diesel ₹ 97.83 LPG ₹ 941.50 Crude Oil $ 77.02 USD ₹ 95.35

ITC Shares Rally On Re-Opening Of Plants

By Sunil Fernandes

Published: Monday, May 9, 2016, 13:25 [IST]

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.

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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Story first published: Monday, May 9, 2016, 13:25 [IST]

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