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ITC rises on planning to set up food processing facility in Madhya Pradesh

ITC is currently trading at Rs. 249.95, up by 3.45 points or 1.40% from its previous closing of Rs. 246.50 on the BSE.

The scrip opened at Rs. 245.90 and has touched a high and low of Rs. 251.00 and Rs. 245.05 respectively. So far 2182252 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 310.00 on 15-Apr-2019 and a 52 week low of Rs. 234.10 on 18-Sep-2019.

Last one week high and low of the scrip stood at Rs. 251.00 and Rs. 242.20 respectively. The current market cap of the company is Rs. 306855.09 crore.

The Institutions and Non-Institutions held 58.11% and 41.89% stake in the company.

ITC is planning to set up a food processing facility in Madhya Pradesh at an investment of Rs 700 crore. The land for the proposed food processing unit is already with the company and it will soon commence operations. The unit will have a large facility for dehydrating vegetables.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

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