Following Union Finance Minister Nirmala Sitharaman’s allocation of Rs 1.52 lakh crore to agriculture and related industries in her Budget 2024 speech, shares of Kaveri Seed Company witnessed a significant increase during Tuesday’s trading session.
The Finance Minister said, “New 109 high-yielding and climate resilient varieties of 32 field and horticulture crops to be released for cultivation by farmers.”
Kaveri Seed saw a 13.57 percent increase, reaching a 52-week high of Rs 1,099.95. At current pricing, the stock has gained 64.89 percent year-to-date (YTD).
As of 12:18 pm, Kaveri Seed shares were trading 6.99% higher at ₹1,035.05.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.