Avanti Feeds gains 8.17% in two sessions

Avanti Feeds rose 1.01% to Rs 2,705 at 13:25 IST on BSE, with the stock extending previous sessions' 7.1% gains triggered by the announcement that a meeting of the board of directors will be held on 12 September 2015, to consider stock split.

The said announcement was made by the company during market hours yesterday, 3 September 2015. The stock had jumped 7.1% to Rs 2,678 yesterday, 3 September 2015, after the announcement.

Meanwhile, the BSE Sensex was down 565.69 points, or 2.2%, to 25,199.09.

On BSE, so far 5,974 shares were traded in the counter, compared with an average volume of 5,368 shares in the past one quarter.

Shares of mid-cap company hit a high of Rs 2,799 and a low of Rs 2,680 so far during the day. The stock had hit a record high of Rs 3,245 on 19 August 2015. The stock had hit a 52-week low of Rs 1,392.10 on 4 September 2014.

Shares of Avanti Feeds jumped 8.17% in two trading sessions at its current ruling price of Rs 2,705 from a recent low of Rs 2,500.50 on 2 September 2015.

Avanti Feeds had yesterday, 3 September 2015, announced that the company's board in its meeting on 12 September 2015, will also consider transfer of shrimp processing business to Avanti Frozen Foods, a wholly owned subsidiary of Avanti Feeds..

Avanti Feeds' net profit surged 78.4% to Rs 45.71 crore on 27% growth in total income to Rs 610.93 crore in Q1 June 2015 over Q1 June 2014.

Avanti Feeds is into development of prawn culture, processing and exports with its state-of-art shrimp and fish feeds and processing plants.

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