Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead
Last week, the government imposed 20 per cent export duties on various grades of rice like non-basmati, unmilled, semi-milled or totally milled, and husked brown.
Shares of LT Foods, Kohinoor Foods, KRBL, Chaman Lal Setia Exports, for instance, have declined in the range of 2 per cent to 9 per cent, as against 0.4 per cent gain in the Nifty50 index.
According to the technical analyst from Anand Rathi, KRBL has been trading in a range of Rs 180 to Rs 340 since the last two years.
According to Mehul Kothari of Anand Rathi, traders can buy KRBL near the 260-mark with a stop loss of 250 for upside target of 275 in 1 - 2 weeks.
The Joint Managing Director Anoop Kumar Gupta has been sent to 5 days custody of Enforcement Directorate in the AgustaWestland Money Laundering case
Net profit stood at Rs 100.05 crore during April-June 2018-19, the company said in a regulatory filing
The Enforcement Directorate (ED) Thursday attached assets worth Rs 15 crore of the company in connection with 2008 Embraer deal case.
The stock locked in lower circuit of 20% at Rs 373 after the media report suggested that ED arrested former director Gautam Khaitan in Agusta scam.