Rice price hike to benefit KRBL significantly: Gajendra Nagpal

In a chat with ET Now, Gajendra Nagpal, CEO, Unicon Financial Solutions, shares his views on the outlook of KRBL.

Do you see KRBL, an exporter of basmati rice, benefiting from the increase in rice rices?

Yes. The company seems like benefiting greatly from the price rise. Since there has been a significant crop failure in Pakistan, the realisation has become very high. Apart from that, the company has undertaken a strong expansion programme. It looks like the company is well positioned to take advantage of the export boom and the scarcity of rice production that happened because of some of the geographical factors. So, my call obviously is to recommend a buy on this counter.