Avanti Feeds rises on incorporating subsidiary company in Telangana
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Avanti Feeds is currently trading at Rs. 408.10, up by 5.20 points or 1.29% from its previous closing of Rs. 402.90 on the BSE.
The scrip opened at Rs. 412.05 and has touched a high and low of Rs. 417.20 and Rs. 406.70 respectively. So far 18239 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 527.95 on 16-Sep-2022 and a 52 week low of Rs. 321.15 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 422.40 and Rs. 402.20 respectively. The current market cap of the company is Rs. 5573.81 crore.
The promoters holding in the company stood at 43.28%, while Institutions and Non-Institutions held 24.98% and 31.74% respectively.
Avanti Feeds has incorporated subsidiary company named ‘Avanti Pet Care’ on July 18, 2023 in the State of Telangana, Hyderabad, India. The newly incorporated subsidiary Company shall inter-alia deal in Manufacturing and Trading of pet foods/feeds, Pet health care products like medicines, shampoo, soaps, creams, grooming and other grooming related Pet Care products including pet equipment related to Pet Care. This is an identical product as the existing Shrimp Feed.
Avanti Feeds is the leading manufacturer of Prawn and Fish Feeds and Shrimp Processor and Exporter from India.
