AVANTI FEEDS Plunges by 6%; BSE 500 Index Down 1.5%
May 13, 2019 03:32 PM

AVANTI FEEDS share price has plunged 6% and is presently trading at Rs 353.

Meanwhile, the BSE 500 Index is at 14,707 (down 1.5%).

Among the top losers in the BSE 500 Index today are AVANTI FEEDS (down 5.6%) and EICHER MOTOR (down 7.9%).

GE T&D INDIA (up 3.8%) and NLC INDIA LTD (up 3.2%) are among the top gainers today.

Over the last one year, AVANTI FEEDS has moved down from Rs 769 to Rs 353, registering a loss of Rs 416 (down 54.1%)..

The BSE 500 has moved down from 14,833 to 14,707, loss of 126 points (down 0.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were BALRAMPUR CHINI (up 104.4%), VINATI ORGANICS (up 91.3%) and DCM SHRIRAM (up 76.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,584 (down 1.1%). The top gainers among the BSE Sensex stocks today are HDFC (up 1.0%). The most traded stocks in the BSE Sensex are INFOSYS and HDFC.

In the meantime, NSE Nifty is at 11,300 (down 1.1%). TITAN (up 1.5%) and BHARTI INFRATEL (up 1.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,246 to 37,584, registering a gain of 2,338 points (up 5.1%).

AVANTI FEEDS Financial Update...

AVANTI FEEDS net profit down at Rs 852 million for the quarter ended December 2018, compared to a loss of Rs 1 billion a year ago. Net Sales rose 18.2% to Rs 8.4 billion during the period as against Rs 7.1 billion in October-December 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 1.0x.