basmati rice

[Industry Notes] – Understanding Basmati rice industry in detail and names of 3 listed players

Hello Sir, There are quite a few listed Basmati Rice cos. – LT Foods, KRBL, Chaman Lal Setia (CLSE). In fact, we have ongoing recommendations on LT Foods (initiated at Rs 87.5) and CLSE (initiated at Rs 112.80) and what’s even more interesting is that we have covered CLSE twice before in the past – 2016 and 2019 and both the times the stock delivered good returns. So, the past 2 years have been excellent for basmati rice exporters, with GOI decisions helping…

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[Portfolio stock]: Chaman Lal Setia…1 of the largest Basmati rice exporter

Hello Sir, Hope you are doing well. It’s said that investments in good companies tend to be rewarding. There’s no better example of the same for us than Chaman Lal Setia Exports (NSE: CLSEL). We have recommended Chaman Lal Setia to our Alpha and Alpha + Members twice (2016, 2019) in the past. First in Nov 2016 around 60 odd levels and we closed it a year later in Dec 2017 around 151. Then we recommended it for the 2nd time in Sep 2019 around 46 odd levels and closed it less than 2…

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