The scrip extended gains for third consecutive session. It has added 3.62% in three sessions, from its recent closing low of Rs 344.15 recorded on 12 June 2023.

In the past six months, the stock has declined by 17.26% while the benchmark Sensex has added 1.16% during the same period.

On the technical front, the stock's daily RSI (relative strength index) stood at 40.896. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On daily chart, the stock is trading below its 50-day, 100-day and 200-day simple moving average (SMA) placed at 376.85, 372.32 and 377.51, respectively.

KRBL is a rice processing and exporting company, and the world's largest rice miller. It is best known for its India Gate brand of basmati rice, which is the largest selling rice brand in India.

The company's net profit rose 8.11% to Rs 117.81 crore on 29.61% increase in net sales to Rs 1279.73 crore in Q4 March 2023 over Q4 March 2022. Sequentially, the net profit dropped 42.61% and net sales fell 16.68% in Q4 FY23 over Q3 FY23.