Financial Daily from THE HINDU group of publications
Friday, Feb 17, 2006
Financial Daily from THE HINDU group of publications Friday, Feb 17, 2006 |
|
|
|
|
|
|
|
Markets
-
Stock Markets Agri-Biz & Commodities - Tea Tea stocks on uptrend Our Bureau
Chennai , Feb. 16 TEA stocks seem to have picked up the cue of gains for Indian tea companies from the Kenyan drought effect quickly. Barring Tata Tea and Duncans, almost all the tea companies' stocks have gained handsomely on the BSE and the NSE. Most of these companies have their own plantation and they are expected to gain with sharp rise in global tea prices. Since January 1, most of the stocks have gained by over 30 per cent with Jay Shree Tea doubling to Rs 212.20 at close on Thursday (see table). Other stocks that have gained significantly are Dhunseri, Goodricke, Mcleod Russel and Parry Agro. Analysts are of the view that the tea sector has entered a new cycle and the good run of prices could extend for over a year. Initiatives of the industry such as exploring new markets, getting aggressive on the export front and launching a generic campaign to boost overall tea consumption are all expected to yield a good result.
More Stories on : Stock Markets | Tea
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|