Avanti Feeds shares gain over 3% amid Union Budget'25 boost to shrimp stocks

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26 Aug, 2025 12:21

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Avanti Feeds shares are currently trading at Rs 720.30 which is at its peak of 3.48 percent, as at 11:40 am, February 1. This comes as a direct effect of the Union Budget key announcement on boosting the fisheries and shrimperies.

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The positive movement in shrimp stocks follows Union Finance Minister Nirmala Sitharaman’s announcement that the government will introduce an enabling framework for the sustainable harnessing of fisheries in India’s Exclusive Economic Zone (EEZ), which includes the high seas. particularly focusing on the Andaman and Lakshadweep islands. This move is expected to enhance the sustainability and growth prospects of the fisheries sector.

A key component of the announcement includes an increase in the loan limit under the interest subvention scheme, which will now be raised to Rs 5 lakh from the previous limit of Rs 3 lakh, benefiting farmers and fisherfolk.

In addition to the fisheries-related measures, the Finance Minister also unveiled several initiatives aimed at enhancing agricultural productivity. She introduced a National Mission on High-Yielding Seeds, which will focus on developing 100 climate-resistant seed varieties to boost agricultural output. Furthermore, the National Mission for Edible Oils and Seeds was launched with the goal of achieving self-reliance (AatmaNirbharta) in the sector.

The budget also included a six-year mission dedicated to ensuring self-sufficiency in pulses, particularly focusing on toor, urad, and masoor dal.

India’s seafood exports are currently valued at Rs 60,000 crore, with the country ranking second globally in fish production and aquaculture. Despite some recent sluggishness in the aquaculture sector due to intense international competition, the Union Budget’s focus on sustainability and sector-specific initiatives has sparked optimism in the market, contributing to the rise in Avanti Feeds’ stock price.Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.