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Avanti Feeds consolidated net profit rises 56 72% in the December 2020 quarter

Avanti Feeds consolidated net profit rises 56 72% in the December 2020 quarter
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Avanti Feeds Q3 PAT jumps 46% to Rs 86 cr

Avanti Feeds consolidated net profit jumped 46.47% to Rs 86.20 crore on 0.78% decline in revenue from operations at Rs 915.43 crore in Q3 December 2020 over Q3 December 2019. Consolidated profit before tax (PBT) surged 47.28% to Rs 107.59 crore in Q3 December 2020 as against Rs 73.05 crore in Q3 December 2019. Total tax expense for the quarter soared 50.63% to Rs 21.39 crore as against Rs 14.20 crore paid in Q3 December 2019. The Q3 result was declared during trading hours today, 4 February 2021. On a segmental basis, revenues from shrimp feed rose 2.93% to Rs 676.77 crore in Q3 FY21 as against Rs 657.49 crore in Q3 FY20. Revenues from processed shrimp fell 9.78% to Rs 239.09 crore in Q3 FY21 as against Rs 265.02 in Q3 FY20.

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What is leading the 1,300-point rally in Sensex? Here are the key factors

What is leading the extended rally in Sensex? Key factors SECTIONS Share Synopsis The S&P BSE Sensex index had lost over 3,500 points in the six sessions before the Budget. Analysts expect the market to move higher. NEW DELHI: Buying triggered by favourable budget continued on Monday on Dalal Street as benchmark indices regained all losses sustained before Budget in just two sessions, reflecting massive short-covering by bears. Sensex had lost over 3,500 points in the six sessions before the Budget, but the massive rally on the Budget day, followed by extended gains on the next day lifted the 30-scrip index to the same level. Analysts expect the market to move higher.

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market outlook: Ahead of Market: 12 things that will decide stock action on Tuesday

Synopsis Ruchit Jain, Senior Analyst - Technical and Derivatives at Angel Broking said, One should prefer to trade with the trend now until any negative signs are seen and look for opportunities that could continue to outperform. The near-term trading range could be wide given the recent volatility, wherein the supports are now placed around 14,140 and 14,000, whereas resistance could be seen around 14,500.” Higher government spending in infrastructure and increased FDI limit in insurance improved the overall outlook of these sectors,” said Vinod Nair, Head of Research at Geojit Financial Services. NEW DELHI: Nifty made a strong rebound on Monday in line with strong global cues and a no-harm budget. The 50-pack index formed a long bullish candle and recovered half the losses it sustained in the past six sessions.

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new margin rule impact: ETMarkets Morning Podcast: Little impact of new margin rule on trading volumes

ETMarkets Morning Podcast (ET Online) Little impact of new margin rule on trading volumes 06:56 Min | December 31, 2020, 8:56 AM IST Here s a head up to some of the news we are tracking at this hour. Tune in! Tags Transcript Hi there! Welcome to ETMarkets Morning, the show about money, business and markets. I am Nandini Sanyal, and here is what we have to start your day. Avanti Feeds top gainer of last 10 years Margin rule impact on market volumes miniscule Pharma, IT funds on top for 2020 AND And there is more. But first, a quick glance at the state of the markets..

United statesNew zealandUnited kingdomSouth koreaZydus cadilaNandini sanyalReliance communications onAdani green energyCentral board of trusteesKotak mahindra bankNuclear power corporation of indiaProvident fund organisationSingapore exchangeAvanti feedsDalal streetPoint laboratories