Shares of Avanti Feeds Ltd. gained as much as 15% on Friday to trade at a 52-week high of ₹647.15. The stock has gained for the third day in a row, during which it has gained nearly 30%. With this surge, the market capitalisation of Avanti Feeds is also nearing ₹9,000 crore.
Avanti Feeds is a Hyderabad-based shrimp feed manufacturer and distributor. The stock has doubled from its 52-week low of ₹377, which it fell to on June 12 last year.
At the end of the March quarter, promoters of Avanti Feeds had a 43.25% stake in the company.
Among public shareholders in Avanti Feeds include the Thai Union Group Public Company Ltd., which is a Thailand-based producer of seafood-based products. The entity had a 15.44% stake in Avanti Feeds and counts as one of the largest public shareholders in the company.
On the charts, the Relative Strength Index (RSI) of Avanti Feeds is now at 74. An RSI reading above 70 indicates that the stock is in overbought territory. Until the start of this week, the stock had traded below both its 50 and 100-Day Moving Average. Post this three-day surge, the stock now trades above all major moving averages.
At the current price, Avanti Feeds is trading at a financial year 2026 price-to-earnings multiple of 14.4 times, which is lower than the five-year average price-to-earnings multiple of 16.8 times.
Two out of the three analysts that have coverage on Avanti Feeds have a "sell" rating on the stock.
Shares of Avanti Feeds are currently trading at a 52-week high. Yet, the stock is trading 36% below its all time high of ₹1,000, which it had hit in December 2017. This is also the best month for Avanti Feeds since February 2020, during which the stock had surged over 45%. Shares are currently up 25% in the month of June.
Avanti Feeds is a Hyderabad-based shrimp feed manufacturer and distributor. The stock has doubled from its 52-week low of ₹377, which it fell to on June 12 last year.
At the end of the March quarter, promoters of Avanti Feeds had a 43.25% stake in the company.
Among public shareholders in Avanti Feeds include the Thai Union Group Public Company Ltd., which is a Thailand-based producer of seafood-based products. The entity had a 15.44% stake in Avanti Feeds and counts as one of the largest public shareholders in the company.
India's mutual funds though, trimmed their stake in the company between January to March. They held a 6.87% stake in the company as of March 31, 2024, compared to the 8.35% stake at the end of December last year.
On the charts, the Relative Strength Index (RSI) of Avanti Feeds is now at 74. An RSI reading above 70 indicates that the stock is in overbought territory. Until the start of this week, the stock had traded below both its 50 and 100-Day Moving Average. Post this three-day surge, the stock now trades above all major moving averages.
At the current price, Avanti Feeds is trading at a financial year 2026 price-to-earnings multiple of 14.4 times, which is lower than the five-year average price-to-earnings multiple of 16.8 times.
Two out of the three analysts that have coverage on Avanti Feeds have a "sell" rating on the stock.
Shares of Avanti Feeds are currently trading at a 52-week high. Yet, the stock is trading 36% below its all time high of ₹1,000, which it had hit in December 2017. This is also the best month for Avanti Feeds since February 2020, during which the stock had surged over 45%. Shares are currently up 25% in the month of June.
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