Avanti Feeds loses Rs1.2 billion (US$16.2 million) in MCap, steepest heavyweight fall in Other food products sector
Avanti Feeds Ltd. (NSE:AVANTIFEED), India's 2nd largest Other food products company by market cap, has decreased Rs8.50 (1.5%) from its previous trading session to close at Rs569.50. Compared with the BSE SENSEX Index which fell 17.1 points (0.04%) in the day, the relative price change was -1.4%. The volume was 0.6 times the average daily trading volume of 559,816 shares. It posted the steepest fall in MCap with the most influence on the Other food products sector. There were 334,983 shares worth Rs192.2 million (US$2.7 million) traded today. Today the stock traded between its three-day high of Rs582.0 and three-day low of Rs566.55.
Technical indicators complementing today's significant downtrend:
+ In the last one month the stock has hit a new 52-week low five times, pointing to an uptrend.
+ The price dropped 2.4% in the last week.