Agriculture stocks were trading higher as the Centre hiked the minimum support price (MSP) for paddy marginally by Rs 65/quintal to Rs 1,815 for the 2019-20 crop year, while rates for oilseeds, pulses and other cereals were raised substantially.
Agro Tech Foods is currently trading at Rs. 538.00, up by 36.25 points or 7.22% from its previous closing of Rs. 501.75 on the BSE. The scrip opened at Rs. 538.00 and has touched a high and low of Rs. 538.00 and Rs. 538.00 respectively.
KSE is currently trading at Rs. 1230.00, up by 10.00 points or 0.82% from its previous closing of Rs. 1220.00 on the BSE. The scrip opened at Rs. 1220.00 and has touched a high and low of Rs. 1248.60 and Rs. 1220.00 respectively.
Anik Industries is currently trading at Rs. 12.05, up by 0.51 points or 4.42% from its previous closing of Rs. 11.54 on the BSE. The scrip opened at Rs. 12.00 and has touched a high and low of Rs. 12.05 and Rs. 12.00 respectively.
The decision, taken by the Cabinet headed by Prime Minister Narendra Modi, will help farmers take a call on which kharif (summer) crop to grow at a time when there has been 33 per cent deficiency in southwest monsoon rains in June, although the Met Department has projected good rains for July and August.
Paddy is the main kharif crop, the sowing of which begins with the onset of southwest monsoons. Due to delayed rains, the total area sown to kharif crops was down at 146.61 lakh hectares till last week as against last year's 162.07 lakh hectare, as per government data.
| Company Name | CMP |
|---|---|
| AWL Agri Business | 254.60 |
| Patanjali Foods | 1749.75 |
| Gokul Agro Resources | 236.40 |
| Vijay Solvex | 962.15 |
| BCL Industries | 38.48 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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