Avanti Feeds

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

Avanti Feeds share break out: After staying range-bound since the start of the year, Avant Feeds stock price broke out of the consolidation phase on June 7

Shares of Avanti Feeds, Coastal Corporation, and Waterbase soared up to 20 per cent in trade, as against a 2.05 per cent climb in the S&P BSE Sensex

Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.

Revenue from operations; however, stood at Rs 922.69 crore, up 10.45 per cent year-on-year (YoY).

Dixon Tech, Shipping Corporation, Essel Propack, BF Utilities, Godawari Power, JBM Auto, Indiabulls Real Estate and RPG Lifesciences gained in the range of 104% to 153%.

In the past six trading days, the share price of Avanti Feeds has appreciated 18 per cent against 3 per cent rise in the S&P BSE Sensex.

As many as 63 stocks have zoomed over 1,000 per cent during this period

The company's consolidated adjusted net profit attributable to shareholders stood at Rs 464 million for Q2FY19, down by 60.1 per cent YoY.

The stock rallied 19% to Rs 619 on the BSE in early morning trade on Tuesday as the stock of shrimp exporter turned ex-stock split in the ratio of 1:1 and ex-bonus in the ratio of 1:2 from today.

The stock rallied 8% to Rs 1,980, extending its over 30% surge in past three trading sessions, after the company announced stock split from Rs 2 to Re 1 and issue of bonus shares in the ratio of 1:2.

Waterbase (down 8% at Rs 271), Avanti Feeds (4.4% at Rs 2,254) and Apex Frozen Foods (3.3% at Rs 631) were down up to 8% on the BSE in intra-day trade.

The stock hit a new high of Rs 1,349 in intra-day trade, zooming 50% from Rs 898 on May 12.

The company posted net profit at Rs 90 crore in Q4 against Rs 32 crore in year ago quarter.