Kaveri Seed shares up; monsoon rain sparks sowing hopes

Shares of Kaveri Seed Co Ltd rise on hopes the arrival of monsoon rains through parts of the country will lead to increased sales of seeds, especially in the company's key markets such as Andhra Pradesh.

The company has seven processing plants spread across Andhra Pradesh and Karnataka, Kaveri's annual report for 2012-2013 shows.

The monsoon strengthened at the start of the key planting month after recording the weakest first month of the June-September rainy season in five years, weather officials said on Thursday.

Kaveri Seed shares were up 1.7 percent as of 10:10 a.m.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Merger of FMC with Sebi could be precursor to a super markets regulator

    Finance minister Arun Jaitley’s decision to merge commodity market regulator FMC with market watchdog Sebi is a welcome step.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Simon J Evenett

What to expect from WTO this year

Following world trade talks isn’t for the faint hearted. After ...

Kuruvilla Pandikattu SJ

The five deaths that we suffer

In the sixteenth century, French philosopher Michel de Montaigne, in ...

Shona Adhikari

Art world celebrates two ‘new’ Cezannes

The focus moves once more to post-impressionist Paul Cezanne, who ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture