New Delhi. Currently, there are many stocks in the capital market in various sectors that have performed well and made a lot of money for investors. These have proven to be multi-bagger stocks for investors. Stock, the leading producer of shrimp and fish feed, has played a major role in this. This multicap company has been a strong performer. We are talking – Avanti feeds. These stocks have given huge returns to investors in the long run. The company has given 35,019% returns in the last 11 years. On September 9, the share price closed at Rs 558.95. 11 years ago this share was priced at just 1. 1.6.
Learn about the company ..
Avanti Feeds (AFL) is a manufacturer of shrimp and fish feeds. This company exports all these products from India. Avanti Feed has a JV with Thai Union Frozen Products PCL. Thai Union Frozen Products PCL is the world’s largest seafood processor and top manufacturer of shrimp. Abanti Feed has 4 production units of shrimp and fish feed with an annual capacity of 4,00,000 metric tons.
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Strong earnings from investors
Avanti Feed’s stock has proven to be a great return machine for investors. In April 2010, Avanti Feed’s share price was .6 1.6 per share. The company has given 35,019% returns in the last 11 years. One lakh rupees invested in 2010 would have been ₹ 3.5 crore. The company’s mutual fund holdings have risen 1.28% to 4.28% in the last 3 months, while the company’s overseas institutional holdings have remained almost stable.
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Know the financial condition of the company
The company’s consolidated revenue rose 2 per cent to Rs 1,430 crore in the June-June quarter. The company had a total revenue of Rs 1116.37 crore in the previous quarter. The company’s revenue grew 45 percent compared to the June quarter of last year. Revenue for the June 2020 quarter was Rs 982.76 crore. The company’s net profit for the June 2021 quarter stood at Rs 79.21 crore. Let us inform you that despite the Covid-1 and lockdown, the company was able to maintain the market price at a rate of 48-50% in the shrimp food business.
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