The Union Budget 2024 was presented on Tuesday, 23 July. Meanwhile, due to an announcement made in the budget, the shares of companies related to the shrimp business have seen a storm on Wednesday. The shares of these companies rose up to 20 percent on Wednesday. This includes shares of Avanti Feeds, Waterbase Limited, Apex Frozen Foods, Zeal Aqua and Mukka Proteins.
Shares of Avanti Feeds rose nearly 20 per cent on Wednesday to hit a 52-week high of Rs 764.40. However, at the end of trading, the stock rose 14 per cent to close at Rs 736.
Avanti Feeds shares have given a return of 45,000 percent in the last few years. Avanti Feeds shares have increased from Rs 1 to Rs 764 during this period. This rise has come in about 14 years. On January 8, 2010, its shares were at Rs 1.63 per share. During the last one year, this stock has increased by 86.75%.
This stock rose so much in the last five days
Avanti Feeds shares have gained 22 percent in the last five days. Since January till now, this year it has gained 68.27 percent. In six months, this stock has gained 44 percent. In 1 month, this stock has gained more than 19 percent. In five years, this stock has gained 128 percent.
Announcement in the budget and these stocks rose by 20 percent
Shares of Waterbase Limited rose 20 percent to Rs 102 on Wednesday. Shares of Apex Frozen Foods Limited also rose 20 percent to Rs 311.75. Shares of Zeal Aqua also rose 10 percent to Rs 15.35.
This announcement was made in the budget
In fact, Nirmala Sitharaman said in her budget speech that financing will be provided for shrimp farming. She said that financial help will be provided to create a network of nucleus breeding centers for shrimp growth. Financing will be provided through NABARD for its farming, processing and export.
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