๐ Avanti Feeds Share Price: A Rollercoaster Ride for Investors
๐ Over the past 10 years, Avanti Feeds’ share price has provided bumper returns to its investors. The company has delivered a staggering 5,000% return on investment during this period.
๐ฐ If you had invested โน10,000 in Avanti Feeds shares 10 years ago, your investment would be worth โน5 lakh today.
๐ However, in the past five years, Avanti Feeds’ share price has seen a negative return of 55% for its investors. In the last three years, the share price has only increased by an average of 18%.
๐ On Tuesday, December 26, 2023, Avanti Feeds’ share price closed at โน401, showing a growth of 0.73%. However, on Wednesday, December 27, 2023, the share price traded at โน400, reflecting a decrease of 0.10%.
๐ผ Avanti Feeds is a leading aquaculture company in India, with a market capitalization of over โน5,000 crores. It is considered one of the largest seafood companies in the country.
๐ The company operates its business using an integrated supply chain and a farm-to-fork model, focusing on water conservation farms, feed mills, hatcheries, and processing plants.
๐น The company’s trailing EPS stands at 21.61 based on the last twelve months. Currently, the price-to-book (PB) ratio of Avanti Feeds’ shares is 3.
๐ฅ Public investors hold a 56.72% stake in the company, while the remaining 43.28% is held by the company’s promoters.
๐ Mutual funds hold an 8.4% stake in the total shareholding of public shareholders. Foreign portfolio investors hold a 9% stake in Avanti Feeds.
๐ฐ In the first quarter of the current financial year, the company reported a profit before tax (PBT) of โน270 crores, slightly lower than the previous quarter’s โน293 crores.
๐ Avanti Feeds’ share price has been undergoing consolidation for the past six years. The current price-to-earnings (PE) ratio is around 2, indicating potential growth. The PE ratio is below 17.
๐ฎ Experts predict that the share price could touch โน720 in the coming days, so investors need to keep a close eye on its movement.
๐ผ Avanti Feeds has been a significant player in the aquaculture industry, and its share price has shown both highs and lows. Investors should carefully analyze the company’s financials and market trends before making any investment decisions.
Remember, investing in the stock market carries risks, and it’s essential to conduct thorough research and seek professional advice before making any investment.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
