FMCG stock under ₹15 jumps 4% after receiving ₹50 Cr export order for basmati rice
India’s rice export sector, led by companies like KRBL Ltd., LT Foods, Amira Nature Foods, and Sarveshwar Foods, is vital to the country’s economy. These firms produce and distribute both basmati and non-basmati rice to global markets, particularly in the Middle East, Africa, and Southeast Asia. The sector’s future looks promising, driven by growing demand, technological advancements, and government support, strengthening India’s position as a global rice exporter. Sarveshwar Foods’ stock is trading at Rs. 10.3, up 4.46% as of December 6, 2024.
India is one of the largest exporters of rice globally, with the sector playing a crucial role in the country’s agricultural and economic landscape. Leading companies involved in rice exports include KRBL Ltd., LT Foods, Amira Nature Foods, and Sarveshwar Foods, which process and distribute both basmati and non-basmati rice to international markets.
These companies ensure high-quality production standards to meet global demand, especially in regions like the Middle East, Africa, and Southeast Asia.
The future of India’s rice export sector looks promising due to the growing global demand for high-quality basmati rice and non-basmati varieties. With advancements in agricultural practices, technological innovations, and government support, the sector is poised for growth. India’s competitive pricing and vast production capacity will further solidify its position as a global rice exporter.
Share Price
The shares of Sarveshwar Foods are currently trading at Rs. 10.3 up by 4.46% from its previous close of Rs. 9.86 as of December 6, 2024. The stock also touched an intraday high of Rs. 10.51
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Source : Trade Brains
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