Crorepati Stocks- At present, there are many such stocks in different sectors in the stock market, which have performed strongly and have earned a lot of money for the investors.
New Delhi. At present, there are many such stocks in different sectors in the stock market, which have performed strongly and have earned a lot of money for the investors. These have proved to be multibagger stocks for the investors. Leading manufacturer stock of prawn and fish feeds has played a lead role in this.
This multicap company has been a strong performer. We are talking about – Avanti Feeds. This stock has given huge returns to the investors over the long term. The company has given a return of 35,019% in the last 11 years. On September 9, the share price closed at Rs 558.95. 11 years ago the price of this share was only ₹ 1.6.
Know about the company..
Avanti Feeds (AFL) is a manufacturer of Prawn and Fish Feeds. This company also exports all these products from India. Avanti Feeds also has a JV with Thai Union Frozen Products PCL. The Thai Union Frozen Products PCL is the world’s largest seafood processor and leading manufacturer of prawns. Avanti Feeds has 4 manufacturing units of Prawn and Fish Feed with a capacity of 4,00,000 MT per annum.
Strong earnings from investors
The stock of Avanti Feeds has proved to be a great return machine for the investors. In April 2010, the share price of Avanti Feeds was ₹1.6 per share. The company has given a return of 35,019% in the last 11 years. One lakh invested in the year 2010 would have become ₹3.5 crore. The company’s mutual fund holdings have grown by 1.28% to 4.28% in the last 3 months, while the company’s foreign institutional holdings have remained almost constant over the same period.
Know the company’s financial position
The company’s consolidated income grew 28 per cent to Rs 1430 crore for the quarter ended June 30. The company’s total income in the previous quarter was Rs 1116.37 crore. Compared to the June quarter of last year, the company’s income has increased by 45 percent. The income in the June 2020 quarter was Rs 982.76 crore. The company’s net profit stood at Rs 79.21 crore in the June 2021 quarter. Let us inform that despite the Kovid-19 and the lockdown, the company was able to maintain its market share in the shrimp feed business at 48-50%.
