A Shrimp & Prawn Exporter Stock Worth on Radar

Avantifeed stock is a name for itself and has a high brand recall value. The stock has given a breakout by moving above 500 mark. It had got a minor hiccup a few days back when its offices were raided by income tax dept and one of the promoters sold off a few thousand shares.

Avanti Feeds Company Profile

Avanti Feeds Limited is a manufacturer of prawn and fish feeds, and shrimp processor and exporter. The Company's principal products/services are shrimp feed and processed shrimp. Its segments are Shrimp Feed and Wind Mills. It manufactures shrimp feed and markets it to farmers, which is used in aquaculture to grow shrimp. Shrimp are purchased from the farmers and are further processed and exported to various countries.

It has installed over four mills of over 3.2 megawatts capacity at Chitradurga, Karnataka. The power generated from windmills is sold to Bangalore Electricity Supply Company Limited (BESCOM) under a power purchase agreement. The Company has over three prawns and fish feed manufacturing units in Kovvur, Vemuluru in West Godavari District, Andhra Pradesh, and Pardi in Valsad District, Gujarat, in India. It produces feed catering to the Indian prawn and fish farmers. Its shrimp processing and export unit is located in Gopalapuram, East Godavari District, Andhra Pradesh.

Avanti Feed Stock to Buy or Sell

Long term traders can hold stock with a stop loss of Rs 449. Volume balance is also positive, which strengthens the movement in the stock. RSI is above 70 which shows that the stock has strong positive momentum in the short term. However, a word of caution for particularly big stocks si that high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The stock is overall assessed as technically positive for the medium to long term. Are you ready to buy this stock or just want to be on the sidelines of the market? To make money, one needs to undertake the action and our traders who trade today's top share for intraday will swear by it as it gets you profit before 11 AM. However, if intraday trading is not your cup of tea than none can beat our short term tips which give good returns in a short period of time.