Venky's India nears three-year high; stock zooms 106% in two months

For FY21, Venky's had posted PAT of Rs 267.7 crore against loss of Rs 27.16 crore, despite 4.4 per cent year on year drop in revenue from operations at Rs 3,117 crore

Shares of Venky’s (India) rallied 9 per cent to Rs 3,144.85 on the BSE in intra-day trade on Tuesday and were trading close to their three-year high level on the back of improved earnings. The stock of the packaged foods company was quoting at its highest level since August 2018. It had hit a record high of Rs 4,711 on April 2018.

The stock has zoomed 106 per cent in the past two months, as compared to 10 per cent rise in the S&P BSE Sensex. The company is engaged in various manufacturing activities in the poultry industry, including