NGT Nod : Umang Dairy's Gajraula Plant To Start Operation, Shares Up


Umang Dairies, the dairy product maker’s share on Wednesday rallied 11% as the investors cheered the company’s resuming operations at one of its plants. The company in its filing to the exchanges said that the National Gree Tribunal (NGT) has passed an order permitting the company to start operations at its Gajraula plant.

The company had temporarily shut down its plant in Gajraula to comply with the order of the National Green Tribunal. The stock of the company on the NSE has delivered just above 36% returns in a period of one year and has underperformed the BSE Small cap and has outperformed the BSE FMCG indices over the same time span.

Umang Dairies’ principal products/services include ghee and milk powder. The company offers various brands, which include White Magik, Dairy Top and Milk Star.

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