AVANTI FEEDS Surges by 10%; BSE 500 Index Down 0.5%
July 22, 2019 11:14 AM

AVANTI FEEDS share price has zoomed 10% and is presently trading at Rs 348.

Meanwhile, the BSE 500 Index is at 14,738 (down 0.5%).

Among the top Gainers in the BSE 500 Index today is AVANTI FEEDS (up 10.1%).

APOLLO HOSPITALS and JUBILANT LIFE SCIENCES are among the top losers today.

Over the last one year, AVANTI FEEDS has moved down from Rs 420 to Rs 348, registering a loss of Rs 72 (down 17.7%).

On the other hand, the BSE 500 has moved up from 14,658 to 14,738, registering a gain of 80 points during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 182.0%), VINATI ORGANICS (up 113.6%) and PROCTER & GAMBLE HEALTH (up 99.3%).

What About the Benchmark Indices?

The BSE Sensex is at 38,334 (down 0.6%).

The top gainers among the BSE Sensex stocks today are YES BANK (up 7.0%), SUN PHARMA (up 3.8%) and VEDANTA LTD (up 3.0%). Other gainers include HERO MOTOCORP (up 2.3%) and TATA MOTORS DVR (up 2.0%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 11,398 (down 0.5%). YES BANK (up 6.9%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,351 to 38,334, registering a gain of 1,983 points (up 4.8%).

AVANTI FEEDS Financial Update...

AVANTI FEEDS net profit stood at Rs 1 billion for the quarter ended June 2019, compared to a profit of Rs 852 million a year ago. Net Sales rose 30.9% to Rs 10.9 billion during the period as against Rs 8.4 billion in April-June 2018.

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.