ICICI Securities has buy call on Avanti Feeds with a target price of Rs 560. The current market price of is Rs 449.9.
Avanti Feeds Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 6145.36 Crore) operating in Aquaculture sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 943.65 Crore, down -17.97 % from last quarter Total Income of Rs 1150.36 Crore and up .14 % from last year same quarter Total Income of Rs 942.29 Crore. Company reported net profit after tax of Rs 86.88 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 43.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 17.6 per cent, DIIs 3.3 per cent and public and other 35.4 per cent.
