AVT Natural Products jumps on launch of new product-range

AVT Natural Products surged 4.35% to Rs 19.20 at 12:07 IST on BSE after the company said it has launched an exclusive range of condition-specific Health Supplements under the brand name Optim Health, in select cities.

The announcement was made on Friday, 15 November 2013. The stock market was closed on that day on account of Muharram.

Meanwhile, the S&P BSE Sensex was up 344.98 points or 1.69% at 20,744.40.

On BSE, 16,000 shares were traded in the counter as against average daily volume of 11,458 shares in past one quarter.

The stock hit a high of Rs 20.10 and a low of Rs 18.95 so far during the day. The stock had hit a 52-week high of Rs 22 on 28 October 2013. The stock had hit a 52-week low of Rs 12.50 on 31 July 2013.

The stock had underperformed the market over the past one month till 14 November 2013, declining 1.6% compared with the Sensex's 1.01% fall. The scrip had however, outperformed the market in past one quarter, jumping 20.26% as against Sensex's 5.33% rise.

The small-cap company has equity capital of Rs 15.23 crore. Face value per share is Re 1.

AVT Natural Products said that the range, targeted at consumers residing in the top cities seeking good health & living, will be distributed through leading Chemists and Modern Trade stores. The launch is initially limited to Bangalore, Hyderabad, Mumbai and Pune and will be scaled up in phases. Focused marketing activities will support the launch, the company added.

AVT Natural Products' net profit rose 0.9% to Rs 12.57 crore on 1.9% growth in net sales to Rs 62.62 crore in Q2 September 2013 over Q2 September 2012.

AVT Natural Products is engaged in the business of coffee and cotton plantations, tea processing, production of spices and herbs, manufacture of oil cakes and sunflower oil.

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