Avanti Feeds Ltd
AVANTIFEED

705.15

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703.00

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Buy
Reco. Price
Rs 723.00
We recommend BUY considering high domestic demand and focus shifting towards high margin shrimp processing business. Additionally, the Karnataka government is planning to develop aquaculture which will aid revenue growth in FY18E. The stock is currently trading at FY18E P/E of 17.7x. (Target Price- Rs.803.3)
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50 DMA (.)
624.72
100 DMA (.)
561.96
200 DMA (.)
554.63
Weekly Range (.)
691.80
737.35
Monthly Range (.)
658.00
751.90
52 Weeks Range (.)
385.50
751.90
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