ITC and Yes Bank have touched record high in late noon deals after Bahujan Samaj Party leader Mayawati said that her party will vote in government’s favour on Foreign Direct Investment (FDI) in multi-brand retail in the Rajya Sabha on Friday.
ITC is trading higher by 1.3% at Rs 302, also its record high, bouncing back more than 2% from intra-day low of Rs 295. Yes Bank too, currently trading at its lifetime high, has rallied 4% to Rs 468 on the BSE.
According to a study conducted by Yes Bank, “the size of the country’s cold chain market is expected to jump more than two-fold to $8 billion by 2015 on the back of increased investment in the sector,” the PTI report suggests.