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7 Reasons Why Dynamic Levels Is Bullish On This Stock
Noted investment advisory firm, Dynamic Levels has recommended buying the stock of Avanti Feeds with a price target of Rs 630. Here are 7 reasons why, Arnab Dasgupta, Research Analyst at Dynamic Levels is recommending this stock.
No 1 player in a growing market
Avanti Feeds Ltd is the largest seafood processor and leading manufacturer of prawns in India. It is the largest shrimp processor and exporter from India, with a solid global presence and great foreign collaboration.
Sharp growth in key parameters
Net profits at Avanti Feeds has increased by 43 per cent, while assets and revenues have also increased along with it in the last two years.
On major financial parameters the company has performed well.
Solid list of clients
Avanti Feeds Limited has established joint venture with Thai Union Frozen Products PCL., the world's largest seafood processor and leading manufacturer of prawn and fish feeds in Thailand with integrated facilities from Hatchery to Shrimp & Fish processing and exports.
Solid technology
Avanti Feeds has state of art technology coupled with quality consciousness, excellent storage facilities, logistics capabilities, timely deliveries and commitment to customer satisfaction has made Avanti to be proud of a long list of loyal customers from USA, Europe, Japan, Australia and Middle East.
Steady demand
The demand for Seafood is increasing all over the world. Indian sea food exports are in high demand. This provides a great and growing market for Avanti Feeds.
Keen institutional interest
Institutional Investors, FIIs and DIIs are increasing their position in the stock in every quarter.
Target price
Target price on the stock is Rs 630.
Disclaimer
Disclaimer: The contents of the article is sourced from the research report of Dynamic Levels with due permission. Dynamic Levels is a website owned by Dynamic Equities Pvt Limited, a member of BSE and NSE. You can visit Dynamic Levels by clicking: Dynamic Levels The article is not a solicitation to buy, sell in securities or other financial instruments. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and Dynamic Levels do not accept culpability for losses and/or damages arising based on information in this article.
