Avanti Feeds Limited has recently made significant strides in expanding its operations with the commencement of trial production at its newly established Shrimp Processing plant in Krishnapuram, Andhra Pradesh. The trial production began on March 21, 2024, marking a significant milestone for the company. Notably, the first export invoice was raised on March 28, 2024, indicating the start of commercial operations.
This development underscores Avanti Feeds Limited’s commitment to enhancing its presence in the seafood processing industry. The establishment of the new processing plant aligns with the company’s strategic vision to capitalize on the growing demand for shrimp products both domestically and internationally.
Following this announcement, the shares of Avanti Feeds Limited witnessed a positive trend in the stock market. On the Bombay Stock Exchange (BSE), the stock was last trading at Rs. 532.00, reflecting a notable increase from the previous closing price of Rs. 514.90. Throughout the trading day, a total of 85,552 shares were traded across 3,769 trades, indicating active investor interest in the company’s performance.
During intraday trading, the stock reached an impressive high of Rs. 541.50, showcasing investor confidence in the company’s future prospects. Despite fluctuations, the stock demonstrated resilience, with an intraday low of Rs. 512.05. The net turnover for the day amounted to Rs. 45,588,304.00, highlighting substantial trading activity surrounding Avanti Feeds Limited.
The successful initiation of trial production at the new shrimp processing plant positions Avanti Feeds Limited for continued growth and success in the seafood industry. With a focus on quality and innovation, the company is poised to capitalize on emerging opportunities and further strengthen its market position both domestically and globally.