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.

EDITORIAL OF THE DAY

  • Reservations, along with economic subsidies, must go to get India moving

    A young man, in his early twenties, starts an agitation demanding reservation for the community he represents.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The China story isn’t over yet

China’s financial markets are currently in the eye of a ...

Anuja Sharma

Love yourself to love others

“There are two basic motivating forces: fear and love. When ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture