 "Shrimp")
Shares of shrimp exporters Avanti Feeds and Waterbase have fallen more than 50% from their respective 52-week highs on concerns of decline in exports in the current financial year 2018-19 (FY19) due to prevailing un-favourable conditions.
Avanti Feeds has dipped 4% to Rs 1,476, falling 24% in past five trading sessions, after the company’s earnings before interest, taxation, depreciation and amortization (ebitda) margin declined 440 basis points to 15.9% in March 2018 quarter (FY18). It had recorded ebitda margin in the range of 20% to 24% in earlier past four quarters.
The stock is trading at its lowest
Avanti Feeds has dipped 4% to Rs 1,476, falling 24% in past five trading sessions, after the company’s earnings before interest, taxation, depreciation and amortization (ebitda) margin declined 440 basis points to 15.9% in March 2018 quarter (FY18). It had recorded ebitda margin in the range of 20% to 24% in earlier past four quarters.
The stock is trading at its lowest
