Agri Shares Soar 13% As Govt Announces Sops

Kaveri Seed Co surged 13.49% to Rs 1,020.70, Mangalam Seeds up 7.09% to Rs 222, Nath Bio-Genes rose 5.77% to Rs 178.60. DhanukaAgritech, UPL, Paradeep Phosphates, Rashtriya Chemicals, PI Industries, Bayer Crop, Mangalore Chemicals, and Coromandel International also saw gains

New Delhi: Stocks related to agriculture surged up to 13 per cent on Saturday after Finance Minister Nirmala Sitharaman announced PM Dhan-Dhaanya Krishi Yojana, covering 100 districts with low yields, modern crop intensity and below-average credit parameters. The scrip of Kaveri Seed Co soared 13.49 per cent to Rs 1,020.70 apiece, Mangalam Seeds climbed 7.09 per cent to Rs 222, Nath Bio-Genes jumped 5.77 per cent to Rs 178.60, DhanukaAgritech increased 2.61 per cent to Rs 1,479.35 and UPL appreciated 0.94 per cent to Rs 609 on the BSE.

Additionally, Paradeep Phosphates shares increased 2.75 per cent to Rs 115.90, Rashtriya Chemicals &Fertilisers appreciated 0.95 per cent to Rs 164.75, PI Industries climbed 0.85 per cent to Rs 3,512.05, Bayer Crop Science rose 0.67 per cent to Rs 5,148.25 and Mangalore Chemicals & Fertilizers went up 0.45 per cent to Rs 168.45 apiece on the bourse. Coromandel International stock went up 0.11 per cent to Rs 1,812 apiece.

However, Chambal Fertilisers& Chemicals scrip fell 0.59 per cent to Rs 501.05 apiece, and Tata Chemicals slipped 0.30 per cent to Rs 983.85 on the BSE. The 30-share BSE Sensex climbed 385.19 or 0.50 per cent to 77,885.76 in the mid-session trade. On Saturday, FM Nirmala Sitharaman announced PM Dhan-Dhaanya Krishi Yojana Yojana, covering 100 districts with low yields, modern crop intensity and below-average credit parameters.