903.9500 -20.00 (-2.16%)
NSE Mar 26, 2025 15:31 PM
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Avanti Feeds Ltd.
14 Aug 2017
903.95
-2.16%
Fish feed manufacturer Avanti Feeds' partnerships pay off, hits new year high after Q1 results

Avanti Feeds Ltd is rising sharply today after the company reported a 198% jump in its Q1 net profit to Rs148.8 crore, against Rs 50 crore in the same quarter a year ago. In the past five years, the share price of the company has already risen over 5700%, as the company has consistently overperformed analyst projections on growth.

Our earlier analysis on the company post Q4 results highlighted Avanti Feeds' efforts to bring costs down for its customers, which have helped it expand market share rapidly. It's partnership with Thai Union also allows the firm to roll out best practices faster than its competitors. This moat is expected to continue sustain it going forward. 

Avanti Feeds Ltd. has an average target of 796.00 from 2 brokers.
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