AVANTI FEEDS Plunges by 5%; BSE 500 Index Down 1.1%
October 19, 2018 09:44 AM

AVANTI FEEDS share price has plunged 5% and is presently trading at Rs 410.

Meanwhile, the BSE 500 Index is at 13,832 (down 1.1%).

Among the top losers in the BSE 500 Index today are AVANTI FEEDS (down 5.3%) and ACC LTD (down 7.2%).

JET AIRWAYS (up 5.1%) and DLF LTD (up 3.5%) are among the top gainers today.

Over the last one year, AVANTI FEEDS has moved down from Rs 864 to Rs 410, registering a loss of Rs 454 (down 52.5%)..

The BSE 500 has moved down from 14,247 to 13,832, loss of 415 points (down 2.9%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 250.8%), GRAPHITE INDIA (up 131.2%) and L&T INFOTECH LTD (up 118.8%).

What About the Benchmark Indices?

The BSE Sensex is at 34,563 (down 1.2%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 1.2%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA STEEL.

In the meantime, NSE Nifty is at 10,380 (down 1.3%). GAIL (up 2.7%) and BHARTI INFRATEL (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 32,609 to 34,563, registering a gain of 1,954 points (up 5.3%).

AVANTI FEEDS Financial Update...

AVANTI FEEDS net profit down at Rs 904 million for the quarter ended June 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 47.3% to Rs 10.4 billion during the period as against Rs 7.1 billion in April-June 2017.

For the year ended March 2018, AVANTI FEEDS reported 105.8% increase in net profit to Rs 4.7 billion compared to net profit of Rs 2.3 billion during FY17.

Revenue of the company grew 29.7% to Rs 34 billion during FY18.

The current Price to earnings ratio of AVANTI FEEDS, based on rolling 12 month earnings, stands at 0.9x.