The Bombay Stock Exchange (BSE) small-cap index, which comprises stocks of 541 companies, is down 98 points at 6,548, its lowest since August 2009. Of these 541 stocks, as many as 99 stocks are trading at 52-week lows.
Stocks of select food-related companies such as LT Foods, Kohinoor Foods and KRBL have moved up in the range of 6 – 8% after the government allowed export of two million tonnes of non-basmati rice.
The shares of food processing companies mainly those who engaged in rice processing are in limelight with the frontline stocks such as LT Foods, KRBL, Kohinoor Foods, REI Agro, Lakshmi Energy and Foods, ADF Foods and Chaman Lal Setia Exports all trading
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.
