Andrew Yule Shares Surge 20% on Government Tea Promotion

Shares of Andrew Yule hit a 20% upper circuit on July 27 following a government directive mandating that all ministries serve the PSU-made tea in canteens and official meetings.

The move is part of a broader push to promote indigenous PSU brands, significantly boosting the market valuation of the smallcap tea producer.

Analysts expect the increased institutional demand to sustain the stock's momentum as the company expands its supply chain to cover central government offices nationwide.