Shares of tea companies have surged in November as supply constraints are seen pushing prices higher globally leading to better realizations’ for these companies.
Shares of Assam Co India, Mcleod Russel India, and Goodricke Group were down 1.3-4.8%.
On Tuesday, McLeod Russel India, Jay Shree Tea, Tata Global Beverages, Warren Tea, Goodrick Group, Dhunseri Tea, B&A, Terai Tea and Harrisons Malayalam - hit their respective 52-week highs on the BSE.
Assam Company India Ltd is currently trading at Rs 6.04, down by Rs 0.27 or 4.28% from its previous closing of Rs 6.31 on the BSE. The scrip opened at Rs 6.16 and has touched a high and low of Rs 6.16 and Rs 5.68 respectively.
Mcleod Russel India Ltd is currently trading at Rs 219.5, down by Rs 6.05 or 2.68% from its previous closing of Rs 225.55 on the BSE. The scrip opened at Rs 225.55 and has touched a high and low of Rs 228.7 and Rs 218.5 respectively.
Harrisons Malayalam Ltd is currently trading at Rs 110.6, down by Rs 3.65 or 3.19% from its previous closing of Rs 114.25 on the BSE. The scrip opened at Rs 115.5 and has touched a high and low of Rs 115.5 and Rs 109 respectively.
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