New Delhi, April 16 -- Maintaining their upward run for the fourth consecutive trading session, shares of Avanti Feeds - which manufactures and sells shrimp feed and exports processed shrimp - jumped another 3% in Wednesday's trade, April 16, hitting an intraday high of Rs.876 apiece.

With today's rise, the stock has gained 46% from its April 7 low of Rs.601 - all within just six trading sessions. The rally has also lifted the stock's year-to-date gain to 28%, following a 62.3% rise in FY24 and 9% in FY23.

The stellar rally in Avanti Feeds' share price came in response to the U.S. president's decision to pause a planned 26% reciprocal tariff on Indian exports for 90 days, offering short-term relief to India's aquaculture industry, which...