Avanti feeds breaches upper circuit; up by 20 per cent
DSIJ Intelligence / 15 May 2017
Owing to outstanding Q4 performance the profits jumped for the Avanti feeds and as a result the stock has breached the upper circuit on Monday.
Avanti feeds touched its fresh 52-week high on Monday at Rs 1077.95 per share. The stock is up by 20 per cent with rising volumes.
The stock is witnessing a price volume breakout for itself with the volumes spurting 10.73 times its average daily volumes.
The company declared its results on Saturday May 13 and announced dividends of Rs 9 per share.
Owing to outstanding Q4 performance the profits jumped for the Avanti feeds and as a result the stock has breached the upper circuit on Monday.
Over one year period the stock is up by more than 130 per cent.On YTD basis the stock is up by 83 per cent.
Avanti Feeds is the leading manufacturer of Prawn and Fish Feeds and Shrimp Processor and Exporter from India.
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