Venky's cracks 9% as poultry sales decline over Coronavirus fears

Broiler chicken per kg is now being sold to consumers at Rs 65 in Pune and Rs 72 in Delhi as against Rs 73 and Rs 80 a kg, respectively, last week

Shares of Venky's, the poultry processing company, declined over 9 per cent on Wednesday amid sharp decline in poultry sales in the wake of fast spreading deadly Coronavirus (Covid-19).  

At 01:49 pm, the stock was trading around 7 per cent lower at Rs 1,133 apiece on the BSE. In comparison, the S&P BSE Sensex was trading 635 points or 1.64 per cent lower at 37,989 levels. 

Rumours on social media about the spread of coronavirus through birds have beaten down poultry prices, which have declined 10 per cent in the past two days owing to a sudden plunge in its