Avanti Feeds spurts on getting nod to incorporate subsidiary company
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Avanti Feeds is currently trading at Rs. 417.00, up by 11.05 points or 2.72% from its previous closing of Rs. 405.95 on the BSE.
The scrip opened at Rs. 405.95 and has touched a high and low of Rs. 422.40 and Rs. 405.95 respectively. So far 52691 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. 400.80 respectively. The current market cap of the company is Rs. 5695.07 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 received an approval for the incorporation of Subsidiary Company as a Private Limited company in the name and style as ‘Avanti Pet Care’ in India. The Board of Directors at its meeting held on July 12, 2023, approved the same.
Avanti Feeds is the leading manufacturer of Prawn and Fish Feeds and Shrimp Processor and Exporter from India.
