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Avanti Feeds, Apex Frozen advance after FM relaxes fisheries compliance

Capital Market 

Shares of fish feeds makers were in demand after FM Nirmala Sitharaman announced measures for fishing industry.

Speaking to media during market hours today FM Nirmala Sitharaman said compliance related to import permits for fisheries expiring before 15 April 2020 will be extended by 3 more months.

FM also stated that one month delay will be condoned in the arrival of the consignment of fisheries.

Shares of Avanti Feeds were trading 2.03% higher at Rs 264.45 on BSE. The stock has tumbled 51.5% in last one month and 65.5% from its 52-week high of Rs 769.90 posted on 17 January 2020.

Apex Frozen Foods was up 3.27% at Rs 146.65 on BSE. Shares of Apex Frozen have tumbled 56.6% in last one month and 66.25% from its 52-week high of Rs 444.75 hit on 16 January 2020.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 24 2020. 15:26 IST