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Tea stocks jump on hopes of higher prices
A new report by the Boston Consulting Group says online retail in India could be a $84-billion industry by 2016 -- more than ten times its worth in 2010 -- and will account for 4.5 per cent of total retail.
26 Mar 2012, 10:22 AM IST 
Sony CEO Kazuo Hirai, left, listens to former-CEO Howard Stringer | Source: AP
Shares of Tea companies saw strong buying interest in a down market Monday. Most tea stocks traded 1-4% higher.According to the Indian Tea Association, tea auctions have witnessed strong opening prices this year. Auction prices are up 46-55% this year. High quality tea prices quoted at a premium of Rs 60-80 per kg this year against last year's prices of Rs 150-180 per kg.Jayshree Tea traded 3.8% higher at Rs 90.95 on the BSE at 1010 ...
