Stocks

Traders shy away from Modi-linked stocks in shift to defensives

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Investors in India are shunning stocks that were expected to benefit from Prime Minister Narendra Modi’s re-election, and instead piling into defensive sectors.An index of the so-called Modi stocks, a term coined by CLSA, has climbed only 2% as the prime minister completed his first 100 days in office after winning a third term in … Read more

Kohinoor Foods surges 20%; LT Foods jumps nearly 7%

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Rice stocks were in heavy demand on Monday, with Kohinoor Foods surging 20 per cent, after the government said the USD 950 per tonne minimum export price (MEP) on basmati rice has been removed. At close of trade, shares of Kohinoor Foods surged 20 per cent, LT Foods jumped 6.70 per cent, KRBL climbed 5.87 … Read more

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