Shares of six rice companies gained 2.87% to 15.02% at 14:23 IST on BSE on price hike buzz.
Usher Agro (up 15.02%), Lakshmi Energy and Foods (up 3.85%), Chaman Lal Setia Exports (up 4.99%), KRBL (up 4.26%), Kohinoor Foods (up 5.85%) and L T Foods (up 2.87%) edged higher.
Meanwhile, the S&P BSE Sensex was down 25.56 points or 0.12% at 20,949.23
Lakshmi Energy and Foods underperformed the market over the past one month till 5 November 2013, falling 8.33% compared with the Sensex's 5.32% rise. The scrip also underperformed the market in past one quarter, falling 17.6% as against Sensex's 9.34% rise.
KRBL outperformed the market over the past one month till 5 November 2013, rising 23.98% compared with the Sensex's 5.32% rise. The scrip also outperformed the market in past one quarter, advancing 50.99% as against Sensex's 9.34% rise.
Usher Agro underperformed the market over the past one month till 5 November 2013, rising 3.14% compared with the Sensex's 5.32% rise. The scrip also underperformed the market in past one quarter, falling 24.86% as against Sensex's 9.34% rise.
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Shares of rice companies gained on price hike buzz. Media reports suggest that a decline in paddy production in eastern states and Andhra Pradesh has triggered speculation of a lower rice output this year. This may increase rice prices by 10-30%.
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