 "Basmati rice stocks gain; Kohinoor Foods, LT Foods up over 5%")
Shares of basmati rice exporters have rallied by up to 20% in intra-day trade on BSE in otherwise weak market.
KRBL, LT Foods and Kohinoor Foods were trading higher between 4% and 20% on the Bombay Stock Exchange (BSE), as compared to 0.72% decline in the S&P BSE Sensex at 01:44 pm.
Kohinoor Foods is locked in upper circuit of 20% at Rs 54.35 on BSE with only buyers were seen on the counter. A combined 887,342 shares changed hands and there were pending orders for 171,920 shares on the BSE and NSE.
LT Foods, the company engaged in the manufacture and sale of rice under the brand DAAWAT, has rallied 12% to Rs 280 on BSE in intra-day after the company said it has entered into Joint Venture (JV) with KAMED SEIKA of Japan to manufacture and market rice based snacks in India.
The said JV will start manufacturing the snack range in Sonepat later in the financial year 2017-18, it added.
KRBL was up 5% to Rs 274 on BSE in intra-day on back of heavy volumes. A combined 275,905 shares changed hands so far against an averages sub 50,000 shares that were traded daily in past two weeks on BSE and NSE.
KRBL, LT Foods and Kohinoor Foods were trading higher between 4% and 20% on the Bombay Stock Exchange (BSE), as compared to 0.72% decline in the S&P BSE Sensex at 01:44 pm.
Kohinoor Foods is locked in upper circuit of 20% at Rs 54.35 on BSE with only buyers were seen on the counter. A combined 887,342 shares changed hands and there were pending orders for 171,920 shares on the BSE and NSE.
LT Foods, the company engaged in the manufacture and sale of rice under the brand DAAWAT, has rallied 12% to Rs 280 on BSE in intra-day after the company said it has entered into Joint Venture (JV) with KAMED SEIKA of Japan to manufacture and market rice based snacks in India.
The said JV will start manufacturing the snack range in Sonepat later in the financial year 2017-18, it added.
KRBL was up 5% to Rs 274 on BSE in intra-day on back of heavy volumes. A combined 275,905 shares changed hands so far against an averages sub 50,000 shares that were traded daily in past two weeks on BSE and NSE.