Tea stocks extend rally; Goodricke Group, Warren Tea up over 50% in a month

Harrison Malayalam and McLeod Russel India were up more than 10%, while Jay Shree Tea, Dhunseri Tea, Goodricke Group, Warren Tea and Rossell India were up between 5% and 10% today

Shares to tea producing companies continued their upward movement on expectation of rise in tea prices on the back of declining production.

Harrison Malayalam and McLeod Russel India were up more than 10% in intraday, while Jay Shree Tea, Kanco Tea, Dhunseri Tea, Goodricke Group, Warren Tea, B&A and Rossell India rose between 5% and 10%, against 0.84% decline in the S&P BSE Sensex.

In past one month, the stock prices of Goodricke Group, B&A, Diana Tea, Warren Tea and Harrisons Malayalam have zoomed more than 50%, while McLeod Russel India, Jay Shree Tea, Dhunseri Tea, Tata Global