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Last Updated : Mar 23, 2017 09:21 AM IST | Source: CNBC-TV18

See huge future in nutrition growth, says Advanced Enzyme

CL Rathi, MD of Advanced Enzyme Technologies sees huge future for the company in nutrition growth along with animal nutrition.

Advanced Enzyme Technologies is the second largest enzyme producer in India. It is a research driven global leadership company that manufactures enzymes and only enzyme company to be listed. The company provides eco-safe solutions across various industries.

The stock is up 21 percent this week on the buzz of promoter buying. Promoters hold 66.5 percent stake in the company and have scope to buy to reach to 75 percent.

CL Rathi, MD of Advanced Enzyme Technologies sees huge future for the company in nutrition growth along with animal nutrition.

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"We are the leader in this industry and we see huge future for us in nutrition growth along with animal nutrition and we also have a lot of niche market in palm oil extraction and various biocatalysis", he said.

Speaking about promoter buying, he said, "We are also a normal investor like anybody else. We will work within guidelines, we do not want to breach anything in the process and at the same time we think it is a good opportunity".

On dull performance of Q3 FY17, he explains that one should not look at the topline growth only. "This is a long-term story and not a quarter-to-quarter story", he added.

For full discussion, watch video...
First Published on Mar 23, 2017 09:19 am
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