Avanti Feeds zooms 50% in three days post Q4 results

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

Avanti Feeds hit a new high of Rs 1,349, up 11%, extending its past two days on BSE, after the company reported a more than doubled consolidated net profit for the quarter ended March 2017 (Q4FY17).

In past three trading days, the stock zoomed 50% from Rs 898 on May 12, against 1.3% rise in the benchmark S&P BSE Sensex.

Avanti Feeds had posted a consolidated net profit at Rs 90 crore in Q4FY17 against profit of Rs 32 crore in the same quarter of last fiscal. It had profit of Rs 46 crore in December 2016 quarter.