Avanti Feeds Ltd - Turnaround Story

[rmani84]

CMP: 76

Avanti Feeds Ltd. manufactures and distributes shrimp feed. The Company also processes, packages, and exports shrimp throughout the world.

Avanti Feeds is a 61 Crore penny cap stock. Its currently trading at a P/E of over 6 with decent dividend yields of over 1%. Its a turnaround stock which made losses in FY09 and FY10. Last 3 quarters have been most productive both in terms of revenues and profits. Q1 FY12 revenues alone has surpassed entire FY11 revenues. Assuming Q1 FY12 profits follows in coming quarters, FY12 P/E will drop below 3 on growing profits. Liabilities are little on higher side and this stock is only for those with risk appetite.

[rmani84]

[Avanti Feeds Ltd.] hits 5% upper circuit on good Q2 nos. The stock was trading at Rs110.25, up by 5%