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

  • India must move one level higher and be the exporter of electronics to the world

    INDIA hopes to achieve net zero-import balance in the electronics industry over the next three years.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust:The mother of all battles

Gassed out after the interminable interplay of the Yadavs in ...

BK Chaturvedi

The politics of election

Elections in five states have been announced by the election ...

Rajgopal Nidamboor

Of life’s essentiality and synchrony

It is no big deal to think of psychology as ...