45000% return, Rs 1 share zooms past Rs 700 after Budget 2024, the company is....

After an announcement in the Union Budget on Tuesday, shares of companies involved in the shrimp business surged on Wednesday by up to 20% on Wednesday, including those of Avanti Feeds, Waterbase Limited, Apex Frozen Foods, Zeal Aqua and Mukka Proteins.

Avanti Feeds' shares climbed nearly 20% on Wednesday, reaching a 52-week high of Rs 764.40. By the end of the trading day, the shares closed 14% higher at Rs 736 apiece.

Over the past few years, Avanti Feeds' shares have delivered a 45,000% return. The shares have risen from Rs 1 to Rs 764 over approximately 14 years. On January 8, 2010, the shares were priced at ₹1.63 each. In the past year alone, the stock has seen an 86.75% increase.

In the last five days, Avanti Feeds' shares have surged by 22%. Since January, the stock has risen by 68.27% this year. Over the past six months, it has increased by 44%. In the past month, the shares have climbed by more than 19%. Over the last five years, the stock has seen a 12b8% increase.

Waterbase Limited's shares surged by 20% on Wednesday, reaching Rs 102. Apex Frozen Foods Limited's shares also jumped by 20%, hitting Rs 311.75. Zeal Aqua's shares saw a 10% increase, reaching Rs 15.35.

In her budget speech, Nirmala Sitharaman announced financial support for shrimp farming. She mentioned that a network of nucleus breeding centers would be set up to support shrimp growth, with financial assistance provided for farming, processing, and export through NABARD.