Rice Chaman Lal Setia Exports

Rice stocks rose after the government permitted the export of 100% broken rice, following a surge in inventories that reached a record high in early February-almost nine times the government's target

KRBL, GRM Overseas and Chaman Lal Setia, meanwhile, dropped over 3 per cent, 4 per cent and 6 per cent, respectively, to their respective intra-day lows

Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead

EBITDA margin increased by 430 bps to 14.5 per cent compared to 10.2 per cent last year on account of superior realisation and moderation in the freight cost.

The company's revenue has grown 67% to Rs 676 crore YoY in H1FY23 supported by its strong position in the export market

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.

Chaman Lal Setia Exports locked in upper circuit of 20% at Rs 143, also its 52-week high on the BSE. The stock rallied 30% in past two trading days