News for Kings Infra Ventures Limited (KINGSINFR.BO)

Shrimp stocks experienced a surge following the July 2024 budget but encountered declines subsequently. Only Avanti Feeds showed slight growth. Vistar Amar saw the steepest decline at 30%. Earnings varied, with Avanti Feeds seeing profit increases, while others like Apex Foods faced losses. Future outlook remains positive due to rising shrimp demand from the US and China.

Around 650+ firms including Hindalco Industries, Samvardhana Motherson International, GMR Airports Infrastructure, Hero Motocorp, Apollo Hospitals Enterprises, Muthoot Finance, IRCTC – Indian Railway Catering & Tourism Corp, FSN E-Commerce Ventures Nykaa, SJVN, Max Financial Services, Gujarat Fluorochemicals Limited, Endurance Technologies, Ipca Laboratories will declare their Q1 results today. Find here the full list of companies announcing their earnings on Tuesday.

Q1 Results Today: Leading the charge is IRCTC, which will offer a glimpse into the travel and tourism sector’s perceived rebound. Hindalco Industries’ performance will be closely watched for insights. Nykaa’s results will provide a snapshot of the e-commerce and beauty industries.

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

The shrimp sector gets big leg with duty cuts and new breeding centers

Godrej family settlement; Airtel appoints Ambareesh Mandelia; KVS Manian steps down; Wipro-Nokia contract; Coal India production rises.

Kings Infra Ventures Ltd sets growth targets, launches "Kings Bento" & rebrands "Kings Fresh" to "Kings Frigo". Shares up 3.73%.

Kings Infra Ventures to export Vannamei shrimp to US in Oct 2023. Signed MoU with JH & Co. to start with 5-8 containers/month, scale up to 100/year. To meet export orders, Kings Infra to enhance processing capacity in Thoothukudi, TN. Will produce Retail IQF packaging, develop supply chain network in US. JH & Co. to process payments via TT upon US FDA approval. Shares up 4.99% to Rs 138.80 on BSE.

Kings Infra Ventures pact with CIFT to focus on safe food products with long shelf life in ambient storage conditions