Avanti Feeds consolidated net profit rises 20.50% in the June 2024 quarter

Upcoming results: Oil and Natural Gas Corporation(ONGC), Bharti Airtel, Marico, BEML, Bharti Hexacom, Avanti Feeds, BLS International, Motherson Sumi Wiring India, Brigade Enterprises, Century Plyboards, Deepak Nitrite, Devani International, Gujarat State Fertilizers and Chemicals (GSFC), H.G. Infra Engineering, Honeywell Automation, Orient Cement, Sandhur Maganese and Iron Ores, Schneider Electric Infrastructure, Syrma SGS Technology, Tata Chemicals, Triveni Turbine, V-Mart Retail, VRL Logistics.

Stock Alert: Britannia Inds, Titan Company, Divis Lab, State Bank of India, Delhivery, Sheela Foam

The Indian market turned volatile on Wednesday but bulls helped the index recoup some losses towards the close of the day.The S&P BSE Sensex fell 280 points but managed to close above 80,100 levels while the Nifty50 closed above 24,400 levels. Market Roundup

Technical Breakout Stocks: Avanti Feeds, Kalyan Jewellers and ITC hit fresh 52-week highs post Budget - Market Roundup

Thyrocare Technologies shares, Avanti Feeds stocks, ICICI Prudential Life Insurance share price, FMCG stocks, Bajaj Finserv stock price

Gainers & Losers: Dabur, Avanti Feeds among 9 stocks in limelight on Wednesday

Avanti Feeds Ltd saw volume of 252.06 lakh shares by 14:14 IST on NSE, a 12.08 fold spurt over two-week average daily volume of 20.86 lakh shares

Volumes jump at Avanti Feeds Ltd counter

Avanti Feeds Ltd, Ion Exchange (India) Ltd, Castrol India Ltd and Kaveri Seed Company Ltd are among the other gainers in the BSE’s ‘A’ group today, 24 July 2024.

MMTC Ltd leads gainers in ‘A’ 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

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

Avanti Feeds Consolidated June 2023 Net Sales at Rs 1,553.66 crore, down 1% Y-o-Y

Avanti Feeds Standalone June 2023 Net Sales at Rs 1,326.83 crore, up 1.54% Y-o-Y

The newly Incorporated subsidiary company is estimated to complete the project implementation in two years.

Avanti Feeds shares gain after foray into pet care segment

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

Avanti Feeds Limited is a manufacturer of prawn and fish feeds, and shrimp processor and exporter. The Company's principal products/services are shrimp feed and processed shrimp.

Avanti Feeds Ltd