Avanti Feeds extends losses for second session

NEW DELHI: Shares of Avanti Feeds were trading 3.05 per cent down at Rs 1,938.70 in Monday's trade around 12.55 pm (IST) on BSE, extending the losses for the second session.

The stock opened at Rs 2,002.25 and touched an intraday high and low of Rs 2,013.50 and Rs 1874.20, respectively, during the session so far.

Promoters held 43.94125 per cent stake in the company as of Jun 2017.

For the quarter ended Jun 2017, the company reported a net sales of Rs 998.1744 crore and net profit of Rs 148.7901 crore.

Avanti Feeds, incorporated in the year 1993, is a midcap company (having a market cap of Rs 9081.91 Crore) operating in Agriculture/Horticulture/Lives sector.

Equity benchmarks kept trading in the negative territory after Sensex cracked around 377 points and Nifty touched 9,836-mark.

At 1 pm (IST), Nifty50 index was trading 121 points down at 9,843, while Sensex was 369 points down at 31,553.

Tata Steel was the top loser while Reliance Industries was gaining in trade.