Venky’s (India) share prices jump 19.1%
DSIJ Intelligence / 04 Jul 2017
Venky’s (India) has generated 4x wealth for its shareholders in the last one year. In contrast, the benchmark indices BSE Sensex and the Nifty are up 15.9% and 16.1%, respectively.
Venky’s (India) has extended its rally for the fifth consecutive session. The company’s share prices jumped 19.1% at Rs 2,083 at 1452 hours. The stock has witnessed a trading volume of 6.4 times the 20-day average till date.
Venky’s (India) has generated 4x wealth for its shareholders in the last one year. In contrast, the benchmark indices BSE Sensex and the Nifty are up 15.9% and 16.1%, respectively.
The beef ban and the crackdown on illegal meat shops and slaughterhouses by some states may also positively impact the company's businesses.
Post-GST, the poultry industry is going to benefit the most. Only about 5% GST is applicable on packaged food and there is no GST levied on eggs. At the same time, the price of raw materials for poultry sector is at five years low.
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