Chaman Lal, KRBL: Firm demand to keep rice shares steaming, say analysts

Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead

Shares of rice exporters such as KRBL, LT Foods and Chaman Lal Setia Exports (CLSEL) saw a stellar run in the calendar year 2022 (CY22) with gains of 61 per cent, 54 per cent and 35 per cent, respectively, on the back of improved realisations and strong exports due to surging rice prices and high global demand. 

Analysts expect global and domestic rice demand to remain firm in 2023 as well, which would keep the stock prices piping hot going ahead. Given the run-up, any fall in the prices will be a good opportunity for investors to buy these stocks,