Avanti Feeds is frozen at 5% upper circuit at Rs 148 for the fourteenth consecutive day. The stock has rallied 95% in past three weeks from Rs 76 on October 12, on the Bombay Stock Exchange.
The company engaged in food products business reported more than three-fold jump in net profit at Rs 14.17 crore for the quarter ended September 2011. The company had reported a net profit of Rs 2.28 crore in the same quarter of the previous year. Total operational income too, more than doubled to Rs 125 crore from Rs 61 crore during the recently concluded quarter.
Meanwhile, the company reported a net profit of Rs 19.58 crore for the first half of FY12, surpassing its entire previous fiscal's net profit of Rs 3.42 crore in the first six months of this fiscal.
A combined 13,413 shares have changed hands on the counter till 1000 hours. There are pending buy orders for 3,456 shares on the NSE and the BSE.
