Shares of Avanti Feeds Ltd. jumped 2.26% to ₹886 on Wednesday after Prime Minister Narendra Modi chaired a high-level meeting to review the progress and future plans of the fisheries sector, with a particular focus on deep sea fishing and seafood exports.

The stock touched an intraday high of ₹892.45 on the NSE, reflecting renewed investor confidence in companies aligned with India’s aquaculture and marine export goals. The meeting is seen as a policy tailwind for shrimp feed and aquaculture firms like Avanti Feeds.

The company currently holds a market cap of ₹120.57 billion, trades at a P/E of 25.09, and offers a dividend yield of 0.76%. It has gained steadily amid expectations of long-term benefits from the government’s push for modernized marine infrastructure and export competitiveness.

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