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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2016-09-14||Waterbase Ltd.||ICICI Securities Limited||108.00||108.00 (-8.80%)|
ICICI Securities Limited
We recently met Ramakanth V Akula, Chief Executive Officer of The Waterbase Ltd (TWL) to get an insight into the domestic aquaculture market and the company's role in the value chain. TWL is an aquaculture company established in 1987 in Nellore (Andhra Pradesh), belonging to the Karan Chand Thappar Group. It is primarily involved in manufacturing shrimp feed for the domestic market and export of processed shrimps. TWL has an installed capacity to manufacture 35000 tonne of shrimp feed annually. In FY16, TWL sold 42000 tonne of shrimp feed (including traded...