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Avanti Feeds soars as its arm incorporates WOS Company

20 Nov 2019 Evaluate

Avanti Feeds is currently trading at Rs. 521.60, up by 12.90 points or 2.54% from its previous closing of Rs. 508.70 on the BSE.

The scrip opened at Rs. 515.50 and has touched a high and low of Rs. 528.75 and Rs. 510.25 respectively. So far 55745 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 571.20 on 11-Nov-2019 and a 52 week low of Rs. 253.00 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 546.00 and Rs. 496.45 respectively. The current market cap of the company is Rs. 7105.21 crore.

The promoters holding in the company stood at 43.72%, while Institutions and Non-Institutions held 19.00% and 36.78% respectively.

Avanti Feeds’ subsidiary -- Avanti Frozen Foods has incorporated a wholly owned subsidiary (WOS) company, namely ‘Avanti Frozen Foods INC’ in the State of Delaware, USA. The company has incorporated WOS company for trading in frozen shrimps and other sea foods.

Avanti Feeds is engaged in the production of scientifically formulated and nutritionally balanced water-stable international quality shrimp feed in India.

Peers
Company Name CMP
Godrej Agrovet 632.85
Avanti Feeds 712.90
Mukka Proteins 27.43
Mayank Cattle Food 101.00
Prima Agro 16.03
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