ITC rallies 1.8% on launch of dairy products

The company has set up a milk processing unit in Munger (Bihar), and also plans to set up similar dairy processing facilities in other parts of the country.

ITC has rallied 1.8 percent to touch a high of Rs. 323 as the company is all set to foray into the dairy business and the FMCG major will mark its entry in this segment by introducing ghee products by the end of September. 

The counter has seen trades of around 116,000 shares as against the two-week daily average volume of around 451,000 shares on the BSE.

Meanwhile, the Sensex is up 64 points to 25,760.

The company has set up a milk processing unit in Munger (Bihar), and also plans to set up similar dairy processing facilities in other parts of the country.