Avanti Feeds rose 2.8% to Rs 2,506.15 at 12:45 IST on BSE after consolidated net profit jumped 128.31% to Rs 105.07 crore on 33.82% rise in total income to Rs 722.61 crore in Q3 December 2017 over Q3 December 2016.
The results were announced after market hours on Friday, 9 February 2018.Meanwhile, the S&P BSE Sensex was up 220.09 points or 0.65% at 34,225.85.
On the BSE, 12,000 shares were traded on the counter so far as against the average daily volumes of 17,054 shares in the past one quarter. The stock had hit a high of Rs 2,599 and a low of Rs 2,487.05 so far during the day. The stock had hit a record high of Rs 3,000 on 13 November 2017 and a 52-week low of Rs 560 on 9 February 2017.
The stock had underperformed the market over the past 30 days till 9 February 2018, falling 5.03% compared with 1.44% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 15.5% as against Sensex's 2.07% rise. The scrip, however, outperformed the market in past one year, surging 330.96% as against Sensex's 20.02% rise.
The large-cap company has equity capital of Rs 9.08 crore. Face value per share is Rs 2.
Avanti Feeds is the leading manufacturer of prawn and fish feeds and shrimp processor and exporter from India.
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