Avanti Feeds fell 8.36% to Rs 495.15 at 11:27 IST on BSE after consolidated net profit fell 39.54% to Rs 89.99 crore on 4.21% increase in net sales to Rs 1040.24 crore in Q1 June 2018 over Q1 June 2017.
The result was announced after market hours yesterday, 6 August 2018.Meanwhile, the S&P BSE Sensex was down 93.52 points, or 0.25% to 37,598.37.
On the BSE, 2.04 lakh shares were traded in the counter so far compared with average daily volumes of 1.47 lakh shares in the past two weeks. The stock had hit a high of Rs 510.10 and a low of Rs 483.15 so far during the day. The stock hit a record high of Rs 999 on 13 November 2017. The stock hit a 52-week low of Rs 390 on 17 July 2018.
Avanti Feeds is the leading manufacturer of prawn and fish feeds and shrimp processor and exporter from India.
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