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Jute stocks in demand; Ludlow Jute, Cheviot rally up to 17%; here's why

The Government on Friday approved mandatory packaging of 100 per cent food grains and 20 per cent sugar in diversified jute bags for the Jute year 2023-24.

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SI Reporter Mumbai

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Shares of manufacturing and sale of jute goods firms rallied up to 17 per cent on the BSE in Monday’s intra-day trade after the government on Friday approved mandatory packaging of 100 per cent food grains and 20 per cent sugar in diversified jute bags for the Jute year 2023-24. A Jute year is from July 1 to June 30.

Shares of Ludlow Jute & Specialities surged 17 per cent to Rs 99.90 and Cheviot Company rallied 16 per cent to Rs 1,480 on the BSE. These stocks were quoting at their respective 52-week highs. Shares of Gloster soared 9

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First Published: Dec 11 2023 | 11:28 AM IST

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