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Avanti Feeds hits the roof

Capital Market 

hit an upper circuit limit of 20% at Rs 1,077.95 at 14:00 on after the company reported robust Q4 March 2017 on Saturday, 13 May 2017.

Meanwhile, the S&P Sensex was up 129.08 points, or 0.43% to 30,317.23.

On the BSE, 96,000 shares were traded in the counter so far, compared with average daily volumes of 12,456 shares in the past one quarter. The stock had hit a high of Rs 1,077.95 so far during the day, which is also record high for the counter. The stock had hit a low of Rs 1,010.05 so far during the day. The stock hit a 52-week low of Rs 411 on 9 November 2016.

The stock had outperformed the market over the past one month till 12 May 2017, rising 3.13% compared with 2.47% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 58.79% as against Sensex's 6.54% rise.

The mid-cap company has equity capital of Rs 9.08 crore. Face value per share is Rs 2.

On a consolidated basis, Avanti Feeds' net profit rose 168.59% to Rs 83.88 crore on 50.80% increase in net sales to Rs 699.30 crore in Q4 March 2017 over Q4 March 2016.

The company's consolidated net profit rose 36.10% to Rs 214.35 crore on 35.42% increase in net sales to Rs 2701.98 crore in the year ended March 2017 over the year ended March 2016.

is the leading manufacturer of prawn and fish feeds and shrimp processor and Exporter from India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 14:08 IST