Avanti Feeds has soared nearly 18% to Rs 425, also its record high, on back of heavy volumes on the National Stock Exchange (NSE).
A combined 133,096 shares changed hands on the counter till 1130 hours against an average around 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
Shares of food products manufacturer has rallied 51% from Rs 281 on February 6, after reported nearly five-fold jumped in net profit at Rs 22.44 crore for the quarter ended December 31, 2013 (Q3) against Rs 4.73 crore in a year ago quarter.
Total income from operations of the company for the quarter more than doubled at Rs 279 crore, as against Rs 139 crore in the corresponding quarter of the previous fiscal.
Meanwhile, the company has posted net profit of Rs 55.24 crore for the first nine months (April-December 2013) of the current financial year 2013-14 compared to Rs 23.58 crore in the same period previous year. It had recorded profit of Rs 30.19 crore in entire previous financial year 2012-13.
A combined 133,096 shares changed hands on the counter till 1130 hours against an average around 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
Shares of food products manufacturer has rallied 51% from Rs 281 on February 6, after reported nearly five-fold jumped in net profit at Rs 22.44 crore for the quarter ended December 31, 2013 (Q3) against Rs 4.73 crore in a year ago quarter.
Total income from operations of the company for the quarter more than doubled at Rs 279 crore, as against Rs 139 crore in the corresponding quarter of the previous fiscal.
Meanwhile, the company has posted net profit of Rs 55.24 crore for the first nine months (April-December 2013) of the current financial year 2013-14 compared to Rs 23.58 crore in the same period previous year. It had recorded profit of Rs 30.19 crore in entire previous financial year 2012-13.
