Avanti Feeds jumps 14.7% in four sessions

Avanti Feeds rose 0.53% to Rs 822.40 at 14:40 IST on BSE, with the stock extending recent strong gains.

The stock jumped 14.7% in four sessions to its current price of Rs 822.40 from its close of Rs 717 on 30 March 2017.

Meanwhile, the S&P BSE Sensex was down 120.21 points, or 0.39% to 29,857.06. The S&P BSE Mid-Cap index was down 5.91 points, or 0.04% to 14,249.64.

On the BSE, 18,600 shares were traded in the counter so far as against average daily volume of 12,231 shares in the past one quarter. The stock had hit a high of Rs 836.80 and a low of Rs 815 so far during the day. The stock had hit a record high of Rs 848 yesterday, 5 April 2017. The stock had hit a 52-week low of Rs 390.50 on 6 April 2016.

 

It had outperformed the market over the past one month till 5 April 2017, advancing 21.16% compared with the Sensex's 3.96% rise. The scrip had also outperformed the market over the past one quarter, jumping 60.76% as against the Sensex's 11.52% rise.

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

Avanti Feeds' consolidated net profit rose 12.5% to Rs 41.11 crore on 35% rise in net sales to Rs 550.03 crore in Q3 December 2016 over Q3 December 2015.

Avanti Feeds is a leading provider of high quality feed, best technical support to the farmer and caters to the quality standards of global shrimp customers.

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