Buy Avanti Feeds; target of Rs 630: Dynamic Levels

Avanti Feeds Ltd is the largest seafood processors and leading manufacturer of prawn in India. It is the largest Shrimp processor and exporter from India. The 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. The demand for Seafood is increasing all over the world. Indian sea food exports are in high demand. Avanti has Three Prawn and a Fish Feed Manufacturing Units, certified ISO 9001:2008, in Kovvur, Vemuluru in West Godavari District, Andhra Pradesh and Pardi in Valsad District, Gujarat, in India with a capacity of 90,000 MT per annum. Avanti produces nutritionally well balanced and high quality feed, consistently, catering to the Indian prawn and fish farmers, at their door step. Avanti Feeds Limited has established joint venture with Thai Union Frozen Products PCL., the world's largest seafood processors and leading manufacturer of prawn and fish feeds in Thailand with integrated facilities from Hatchery to Shrimp & Fish processing and Exports. The revenue of the company is increasing every year. The major revenue comes from feeds which show a steady growth. The Q4 net profit rises 43.10% at Rs. 31.20 crore. The total assets value of the company increased in the last two years. The Institutional Investors, FIIs and DIIs are increasing their position in the stock in every quarter.

 

Avanti Feeds Ltd is a Multibagger Stock recommended by Dynamic Levels. We recommend Buy in Avanti Feeds at Rs. 515 with the target of Rs. 630. Avanti Feed is a market leader trading at a PE of 16.  For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.