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Union Budget 2024: Budget 2024: Apex Frozen Foods, Avanti Feeds jump up to 8% on FM’s shrimp farming boost

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[hfe_template id='11223'] [ad_1] Shares of Apex Frozen Foods, Avanti Feeds and Waterbase jumped up to 8% in the intraday trade on Tuesday after Union Finance Minister Nirmala Sitharaman announced plans for shrimp farming. Sitharaman, who was presenting her 7th Union Budget and first in Modi 3.0 government, said that the central government will encourage financing and marketing for shrimp farming via National Bank for Agriculture and Rural Development (NABARD). Apex Frozen Foods was the top gainer which jumped by over 8.2% to hit an intra-day high of Rs 271.95 on the NSE, while Avanti Feeds and Waterbase were up by over 4% and 2%, respectively. Apex Frozen Foods is an integrated producer and exporter of shelf stable quality aquaculture products. It supplies ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countries...