Budget 2025: Waterbase, Apex Frozen Foods, Godrej Agrovet Shares Surge
Currently, India ranks as the second largest in fish production and aquaculture.
Shares of animal aquaculture companies Godrej Agrovet Ltd., Waterbase Ltd. and Apex Frozen Foods Ltd. advanced on Saturday as the government announced framework and loan limit for the sector in Union Budget 2025–26.
During her budget speech, Finance Minister Nirmala Sitharaman announced that government will bring in enabling framework for sustainable harnessing of fisheries from Indian exclusive economic zones and high seas with a special focus on Andaman & Nicobar and the Lakshadweep islands
The loan limit on modified interest subvention scheme to be raised to Rs 5 lakh from Rs 3 lakh for farmers and fisherfolk, the finance minister added.
Currently, India ranks as the second largest in fish production and aquaculture. With sea food exports valued at Rs 60,000 crore.
Waterbase was leading the rally as it surged 8.49% to the day's high of Rs 75.40 apiece on the BSE. It was trading 3.65% higher at Rs 72 apiece as of 11.25 a.m.
Shares of Apex Frozen Foods surged 8.59% to the day's high of Rs 271.70 apiece on the NSE. It was trading 4.56% higher at Rs 262 apiece, compared to 0.38% advance in the benchmark Nifty as of 11.25 a.m.
Shares of Godrej Agrovet surged 7.34% to the day's high of Rs 783.50 apiece. It was trading 3.43% higher at Rs 754.90 apiece.
