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  1. Apex Frozen, Avanti Feeds, Kings Ventures: Aquaculture stocks zoom up to 8% on Budget proposals; check what FM said

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Apex Frozen, Avanti Feeds, Kings Ventures: Aquaculture stocks zoom up to 8% on Budget proposals; check what FM said

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2 min read | Updated on February 01, 2025, 13:08 IST

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SUMMARY

Budget 2025: The FM announced that the government will bring an enabling framework for sustaining the harvest of the fisheries sector in exclusive economic zones and high seas.

Stock list

Among individual names, Apex Frozen shares jumped as much as 8.59% to ₹271.70 apiece on the NSE.

Among individual names, Apex Frozen shares jumped as much as 8.59% to ₹271.70 apiece on the NSE. Image: Unsplash

Budget 2025: Shares of aquaculture companies such as Apex Frozen, Avanti Feeds, and Kings Ventures, among others, rallied in the trade on Saturday, February 1, on the Budget proposals announced by Finance Minister Nirmala Sitharaman.

The FM announced that the government will bring an enabling framework for sustaining the harvest of the fisheries sector in exclusive economic zones and high seas.

The finance minister also said there would be a special focus on the Andaman & Nicobar and Lakshadweep Islands.

Among individual names, Apex Frozen shares jumped as much as 8.59% to ₹271.70 apiece on the NSE. Avanti Feeds was trading over 4% higher at ₹724.60 on the NSE, while Kings Ventures shares were trading around 7% higher at ₹154 apiece on the BSE.

Moreover, Zeal Aqua shares were up over 9% at ₹13.46%.

Meanwhile, the equity benchmark indices were trading with decent gains. At 11:27 AM, the S&P BSE SENSEX was trading at 77,773.50, up 272.93 points, or 0.35%, while the NSE's NIFTY50 index was trading at 23,595.25 levels, up 86.85 points, or 0.37%.

Finance Minister Nirmala Sitharaman presented her record eighth straight Budget today.

Sitharaman had, in her first budget in 2019 replaced the leather briefcase—which had been in use for decades for carrying Budget documents—with a traditional 'bahi-khata' wrapped in red cloth. This year's Budget would be in paperless form, as done in the last three years.

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