Shares of rice exporters surged over 9% on Tuesday, on news a report that the government is considering relaxing restrictions on exports of some product varieties.
Kohinoor Foods jumped 9.6%, Chaman Lal Setia Exports rose 8.8%, KRBL gained 7.1% and LT Foods advanced 5.96%. Analysts said the upsides could be short-lived unless the sector receives an impetus in the Union Budget on July 23.
Source Name : Economic Times