Avanti Feeds Waterbase

Shrimp stocks rally amid news that trade deal talks between India and the US have gained momentum after Narendra Modi and Donald Trump expressed optimism on resolving long-standing issues.

The centre also proposed to reduce basic custom duty (BCD) from 30 per cent to 5 per cent on frozen fish paste (Surimi) for the manufacture and export of its analogue products.

Finance Minister Nirmala Sitharaman announced a proposal to provide finance for shrimp farming and marketing in Budget 2024-25

Shares of Avanti Feeds, Coastal Corporation, and Waterbase soared up to 20 per cent in trade, as against a 2.05 per cent climb in the S&P BSE Sensex

Avanti Feeds dipped 4% to Rs 1,476 falling 24% in past five trading sessions post March quarter results.