Finance Minister Nirmala Sitharaman announced a proposal to provide finance for shrimp farming and marketing in Budget 2024-25

Apex Frozen, Waterbase, Avanti Feeds soar up to 20% on THIS Budget proposal

In her 7th Union Budget on Tuesday, Finance Minister Nirmala Sitharaman announced shrimp farming support via NABARD. Apex Frozen Foods surged 8.2% to Rs 271.95 on NSE; Avanti Feeds, Waterbase also rose. Apex exports Vannamei shrimp to developed markets. Waterbase uses advanced technologies; Avanti focuses on seafood products. All shares rose on the announcement.

Budget 2024: Apex Frozen Foods, Avanti Feeds jump up to 8% on FM’s shrimp farming boost

Indian aquaculture stocks surge due to China’s ban on Japanese imports. Apex Frozen Foods, Waterbase, Zeal Aqua, and other stocks witness gains. UN’s nuclear watchdog approves Japan’s plan to discharge treated wastewater from Fukushima plant. India may benefit from ban, but Chinese economy slowdown …

Aquaculture stocks gain on Chinese ban on Japanese aquatic imports

Waterbase Consolidated December 2022 Net Sales at Rs 70.69 crore, up 19.95% Y-o-Y

Shares of Avanti Feeds, Coastal Corporation, and Waterbase soared up to 20 per cent in trade, as against a 2.05 per cent climb in the S&P BSE Sensex

Aquaculture stocks soar after govt slashes customs duty on shrimp feed

Waterbase Ltd, Globalspace Technologies Ltd, Vishal Fabrics Ltd and GTL Ltd are among the other gainers in the BSE’s ‘B’ group today, 01 February 2023.

Manaksia Ltd leads gainers in ‘B’ group

Budget 2023-24: These stocks have not done well. In the last year, Waterbase has fallen 24 percent, Apex Frozen Foods 26 percent and Avanti Foods 31 percent

Budget 2023: Avanti Feeds, Waterbase zoom as FM allocates Rs 6K crore for fisheries

The Waterbase upgrades Nellore shrimp processing facility

Waterbase Consolidated June 2022 Net Sales at Rs 79.87 crore, down 36.65% Y-o-Y

Waterbase Consolidated March 2022 Net Sales at Rs 38.51 crore, down 13.92% Y-o-Y

Waterbase Consolidated December 2021 Net Sales at Rs 58.93 crore, up 64.08% Y-o-Y

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The Waterbase is engaged in the aquaculture business. The Company is focused on manufacturing shrimp feed, processing shrimp and exporting processed shrimp

Waterbase Ltd