Moneycontrol Pro Ideas For Profit: Apex Frozen Foods | CNBC TV18

Thangamayil Jewellery Ltd, Tatva Chintan Pharma Chem Ltd, Apex Frozen Foods Ltd and Heubach Colorants India Ltd are among the other losers in the BSE’s ‘B’ group today, 25 July 2024.

Purple Finance Ltd leads losers in ‘B’ group

Agri-Tech (India) Ltd, Apex Frozen Foods Ltd, Nahar Industrial Enterprises Ltd and State Trading Corporation of India Ltd are among the other gainers in the BSE’s ‘B’ group today, 24 July 2024.

Amines & Plasticizers Ltd leads gainers in ‘B’ group

Finance Minister Nirmala Sitharaman announced a proposal to provide finance for shrimp farming and marketing in Budget 2024-25

Apex Frozen, Waterbase, Avanti Feeds soar up to 20% on THIS Budget proposal

Agri-Tech(India), Apex Frozen Foods, Antony Waste Handling, Arrow Greentech and Pondy Oxides, hit their fresh 52-week highs at 10:34AM.

Stock market update: Stocks that hit 52-week highs on NSE

In her 7th Union Budget on Tuesday, Finance Minister Nirmala Sitharaman announced shrimp farming support via NABARD. Apex Frozen Foods surged 8.2% to Rs 271.95 on NSE; Avanti Feeds, Waterbase also rose. Apex exports Vannamei shrimp to developed markets. Waterbase uses advanced technologies; Avanti focuses on seafood products. All shares rose on the announcement.

Budget 2024: Apex Frozen Foods, Avanti Feeds jump up to 8% on FM’s shrimp farming boost

Indian aquaculture stocks surge due to China’s ban on Japanese imports. Apex Frozen Foods, Waterbase, Zeal Aqua, and other stocks witness gains. UN’s nuclear watchdog approves Japan’s plan to discharge treated wastewater from Fukushima plant. India may benefit from ban, but Chinese economy slowdown …

Aquaculture stocks gain on Chinese ban on Japanese aquatic imports

Apex Frozen Standalone June 2023 Net Sales at Rs 253.84 crore, down 17% Y-o-Y

Geojit recommended accumulate rating on Apex Frozen Foods with a target price of Rs 250 in its research report dated February 23, 2023.

Accumulate Apex Frozen Foods; target of Rs 250: Geojit

Broker’s Call: Apex Frozen Foods (Accumulate)

Apex Frozen Standalone December 2022 Net Sales at Rs 214.50 crore, down 1.38% Y-o-Y

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Apex Frozen Foods Limited is an India-based integrated producer and exporter of shelf stable aquaculture products