Shares of makers of jute products such as Gloster, Cheviot and Ludlow Jute were sharply higher by up to 5% in early trade on January 22, in anticipation of a higher Minimum Support Price (MSP) on raw jute for the upcoming season.
Last year, the MSP on raw jute had been raised for the 2024-25 season as well by Rs 285 to Rs 5,335 per quintal.
Tonmoy Bera submitted his resignation on June 12 with immediate effect, the company said.