Avian influenza or bird flu outbreak has been reported at 12 epicentres in four states Kerala, Rajasthan, Madhya Pradesh and Himachal Pradesh, while Haryana is on high alert due to unusual mortality at poultry farms in Panchkula, as per a PTI report.

However, Venkys' general manager, Dr Pransanna Pedgaonkar, while speaking to CNBC-TV18 said that there was no reason to panic as yet.

Venkys has seen a 13-14 percent correction in the last two days. So the street is definitely worried.

“Bird flu is not at all an uncommon phenomena be it USA or Africa and India is no exception to that. The migrating birds which are coming from one part of the country to other is also a usual phenomenon from years and when they come there is a chance that they are exposed to some kind of bacteria or virus and they might infect the birds which are pre-grazing or in open,” Pedgaonkar said.

On the business front, he said, “The demand has not gone down. There is not much impact as of now as far as organized poultry is concerned. Therefore, I would like to clear that we have not reported any kind of incidences in organized poultry.”

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(Edited by : Abhishek Jha)