Business Standard

Agri-related stocks gain up to 5% amid Budget announcement

Dhanuka Agritech surged 5.17%, Jain Irrigation Systems rose 3.17%

Jaitley
Premium

Finance Minister Arun Jaitley tabling the Union Budget for 2017-18 in the Parliament in New Delhi (Photo: TV Grab)

Press Trust of India New Delhi
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in