Kohinoor Foods spikes up 17 per cent

Kohinoor Foods has come out as the 'stock of the day' on December 14. The scrip has seen almost four-fold spurt in volumes and is trading at Rs 54.47 SMA. The stock as on 10.28 am is trading at Rs 74.05, up by 17.17 per cent.  

Recently, the company grabbed attention as China granted clearance to 14 Indian rice exporters, including established ones like LT Foods and Amira Pure Foods.  China is the top rice consumer and importer and had restricted Indian grains for several years. The Chinese move has opened the vast Chinese market to the Indian grains after years of restricting such supplies through non-tariff barriers.

The stock price of the company in the last one month has rallied over 70 per cent. In the last three months, the scrip has given a return of 26 per cent. The 52-week high and low of the scrip stands at Rs 84.80 and Rs 35.55, respectively. The scrip has gained 106.47 per cent from its 52-week low.