Forget gold, rice is Dalal Street's new obsession

The timely revival in monsoon showers not only promises plentiful paddies but has also sparked a frenzy among investors eyeing robust returns from rice and agrochemical players.

- Mayur Bhalerao

Companies like LT Foods Ltd (owner of the Daawat basmati rice brand), Mishtann Foods Ltd, and KRBL Ltd have emerged as top gainers, outperforming broader market indices.

As of 18 July, India's rice sowing hit 17.7 million hectares, a 12.4% jump on-year, reaching a three-year high, according to data from the Centre for Monitoring Indian Economy.