Paddy processing stocks trade firm
SI Reporter / Mumbai 08 Sep 10 | 09:52 AM
The shares of companies engaged in rice paddy processing such as KRBL, LT Foods and Kohinoor Foods are in limelight on the bourses today, with many of them trading between 5% and 14% higher after floods in Pakistan that destroyed the rice crop. As a result, prices in India have risen by about $100 per tonne in the last two-weeks.
Among individual stocks,KRBL the largest gainer – up 14% in trade today to its lifetime high level of Rs 34.55 on the NSE. LT Foods and Kohinoor Foods are trading 5% higher at Rs 68.05 and Rs 57.10 levels, respectively on the NSE.
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