Shares of companies related to agriculture sector rose by as much as 5% today after Finance Minister Arun Jaitley announced a whopping Rs 1 lakh crore hike in credit target for the next fiscal to Rs 10 lakh crore as part of efforts to double farm incomes in the next five years.
Dhanuka Agritech surged 5.17%, Jain Irrigation Systems rose 3.17% and Kaveri Seed Company gained 1.52% on the BSE.
Shares of Monsanto India gained 1.13% and UPL went up by 0.75%.
"The target for agricultural credit in 2017-18 has been fixed at a record level of Rs 10 lakh