The government has announced a 20 percent export duty on parboiled rice as well as additional measures to curb outbound shipments of restricted varieties.
In a regulatory filing, the company asserted that the price limit does not have any "impact on the exports for LT Foods Ltd as the company mostly export premium and aged rice in our own trusted brands i.e. DAAWAT and Royal, the export price of which is mostly over and above the said minimum export price limit."
"Smallcap stocks in India are still attractive, trading at 13 times CY25 earnings. Despite indicators suggesting discomfort, smallcap stocks are the market to focus on. Also, one has to consider the bearishness of US Treasury bonds and concerns about China s economy. The Indian market may not come from international markets but rather from internal factors such as inflation."
Tata Power, IRCTC, ZEEL Q1 Results, RBI MPC meeting Day 2 in Top News on August 9: ICICI Bank, Motherson Sumi Wiring ex dividend stocks, Nifty outlook, Poco M6 Pro 5G first sale on Flipkart, 2023 Mercedes-Benz GLC launch.
A relief rally in the equity market pushed up Nifty 50 at open. But it remained in a capped range and despite some profit-booking, ended the day on a positive note.