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28-Mar2018

Avanti Feeds gains on commencing commercial production at shrimp feed plant

Avanti Feeds is currently trading at Rs. 2240.05, up by 47.30 points or 2.16% from its previous closing of Rs. 2192.75 on the BSE.

The scrip opened at Rs. 2189.70 and has touched a high and low of Rs. 2256.00 and Rs. 2189.70 respectively. So far 3843 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3000.00 on 13-Nov-2017 and a 52 week low of Rs. 709.00 on 29-Mar-2017.

Last one week high and low of the scrip stood at Rs. 2317.95 and Rs. 2065.10 respectively. The current market cap of the company is Rs. 9958.42 crore.

The promoters holding in the company stood at 43.79%, while Institutions and Non-Institutions held 33.01% and 23.20% respectively.

Avanti Feeds has commenced commercial production of the additional capacity of 1,75,000 MT of shrimp feed plant at Bandapuram, West Godavari District, Andhra Pradesh (AP), on March 19, 2018.

Avanti Feeds is engaged in the production of scientifically formulated and nutritionally balanced water-stable international quality shrimp feed in India. They are also the largest supplier of shrimp feed in the entire coast of India and other countries.


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