Basmati rice shares in focus; LT Foods, KRBL hit new highs

In FY17, LT Foods and Kohinoor Foods rallied more than 100%

Shares of basmati rice producers rallied by up to 9%, extending their previous day gains on hopes that the coming financial year is expected to witness better revenue growth for the industry supported by a rise in average realizations.

LT Foods, the company engaged in the manufacture and sale of rice under the brand DAAWAT, has rallied 9% to Rs 67.50, also its record high on the BSE.

Kohinoor Foods (up 5% to Rs 86.50), Chaman Lal Setia Exports (3% at Rs 105) and KRBL (up 2% at Rs 432) were up in the range of 2% to