Avanti Feeds, Apex Frozen gain after govt announces to expand fish production capacity

Finance Minister Sitharaman said that the government is going to expand fish production capacity to 200 lakh tonne.

Feb 01, 2020 11:02 IST India Infoline News Service

Shares of Avanti Feeds, Waterbase, Apex Frozen Food and Coastal Corporation gained over 4% each on the BSE.

Finance Minister Nirmala Sitharaman said in the Union Budget 2020 announcement that about increasing fish production capacity. The government is going to expand fish production capacity to 200 lakh tonne, FM added.

Stock view:
Avanti Feeds Ltd is currently trading at Rs685.20 up by Rs23 or 3.47% from its previous closing of Rs662.20 on the BSE.

Waterbase Ltd is currently trading at Rs145.20 up by Rs7.25 or 5.26% from its previous closing of Rs137.95 on the BSE.

Apex Frozen Foods Ltd is currently trading at Rs365.35 up by Rs15.85 or 4.54% from its previous closing of Rs349.50 on the BSE.

Coastal Corporation Ltd is currently trading at Rs281.10 up by Rs6.45 or 2.35% from its previous closing of Rs274.65 on the BSE.

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