Avanti Feeds gains on commencing commercial production at new Feed Plant in Andhra Pradesh
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Avanti Feeds is currently trading at Rs. 404.50, up by 7.50 points or 1.89% from its previous closing of Rs. 397.00 on the BSE.
The scrip opened at Rs. 404.00 and has touched a high and low of Rs. 408.60 and Rs. 402.30 respectively. So far 12940 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 638.00 on 25-Jan-2022 and a 52 week low of Rs. 363.95 on 24-Nov-2022.
Last one week high and low of the scrip stood at Rs. 408.60 and Rs. 383.00 respectively. The current market cap of the company is Rs. 5489.34 crore.
The promoters holding in the company stood at 43.28%, while Institutions and Non-Institutions held 25.40% and 31.32% respectively.
Avanti Feeds has successfully commenced commercial production at new Feed Manufacturing plant situated at Bandapuram, Andhra Pradesh with effect from December 03, 2022, with an estimated total cost of Rs 125 crore.
The company has expanded operations at its existing plant situated at Andhra Pradesh; through an additional capacity of 1,75,000 MTs. The total production capacity (all units) of the company has been increased from 6,00,000 MTs to 7,75,000 MTs.
Avanti Feeds is the leading manufacturer of Prawn and Fish Feeds and Shrimp Processor and Exporter from India.
