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Venky s (India): The domestic poultry firm is the global leader of specific pathogen free (SPF) eggs, which are used for vaccines. The demand for these eggs has gone up recently. The counter surged 28 per cent during the week to Rs 3,424.35 on Friday. Indian Overseas Bank, Central Bank of India: According to media reports, the two PSU lenders have been shortlisted for privatisation. It is expected that the government will bring amendments in the Banking Regulation Act for divestment of state-owned banks. Indian Overseas Bank soared 26 per cent to Rs 24.85, whereas Central Bank of India jumped 23 per cent to Rs 24.8. HFCL: The company is among the 25 telecom gear makers that have applied under the Rs 12,195 crore production-linked incentive scheme for the sector. The stock surged 23 per cent during the week to Rs 64.7. ....
By Reuters Staff 1 Min Read MUMBAI (Reuters) - Shares of India’s biggest poultry producer Venky’s dropped more than 4% on Thursday to their lowest level in two months after an outbreak of avian influenza was reported in four states. Venky’s shares fell for the fourth straight day on Thursday and were trading at 1,515.95 rupees, down 2.85%, after hitting a low of 1495.10 rupees earlier in the day. Avian influenza, also known as bird flu, was reported in the states of Madhya Pradesh, Rajasthan, Himachal Pradesh and Kerala, the federal government said in a statement. Kerala has started culling chickens and ducks to contain the virus, while Madhya Pradesh has banned imports of poultry products from Kerala for 10 days. ....