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Glaxosmithkline Pharmaceuticals Ltd, Marico Ltd, Caplin Point Laboratories Ltd and Aarti Pharmalabs Ltd are among the other losers in the BSE's 'A' group today, 21 April 2025.
Avanti Feeds Ltd lost 4.14% to Rs 853.85 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 58380 shares were traded on the counter so far as against the average daily volumes of 89768 shares in the past one month.
Glaxosmithkline Pharmaceuticals Ltd crashed 2.93% to Rs 2823.9. The stock was the second biggest loser in 'A' group.On the BSE, 6773 shares were traded on the counter so far as against the average daily volumes of 4437 shares in the past one month.
Marico Ltd tumbled 2.62% to Rs 695.75. The stock was the third biggest loser in 'A' group.On the BSE, 1.53 lakh shares were traded on the counter so far as against the average daily volumes of 55513 shares in the past one month.
Caplin Point Laboratories Ltd dropped 2.48% to Rs 1916.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 3069 shares were traded on the counter so far as against the average daily volumes of 10474 shares in the past one month.
Aarti Pharmalabs Ltd fell 2.47% to Rs 715.85. The stock was the fifth biggest loser in 'A' group.On the BSE, 26814 shares were traded on the counter so far as against the average daily volumes of 47983 shares in the past one month.
Garware Hi Tech Films Ltd, Persistent Systems Ltd, Coforge Ltd and KPIT Technologies Ltd are among the other losers in the BSE's 'A' group today, 03 April 2025.
Avanti Feeds Ltd crashed 16.42% to Rs 743.45 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.79 lakh shares were traded on the counter so far as against the average daily volumes of 94780 shares in the past one month.
Garware Hi Tech Films Ltd tumbled 13.63% to Rs 3260. The stock was the second biggest loser in 'A' group.On the BSE, 46544 shares were traded on the counter so far as against the average daily volumes of 6037 shares in the past one month.
Persistent Systems Ltd lost 9.77% to Rs 4796. The stock was the third biggest loser in 'A' group.On the BSE, 88590 shares were traded on the counter so far as against the average daily volumes of 18632 shares in the past one month.
Coforge Ltd plummeted 7.49% to Rs 7179. The stock was the fourth biggest loser in 'A' group.On the BSE, 30430 shares were traded on the counter so far as against the average daily volumes of 18917 shares in the past one month.
KPIT Technologies Ltd dropped 6.55% to Rs 1226.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.59 lakh shares were traded on the counter so far as against the average daily volumes of 48000 shares in the past one month.
Shares of Avanti Feeds plunged 16.82% to Rs 753.20, while Apex Frozen Foods fell 5.83% to Rs 207.15 on the BSE. Avanti Feeds hit an intraday low of Rs 720, and Apex Frozen Foods reached an intraday low of Rs 199.25 during the session.
The two companies rely heavily on exports to North America for their revenue. In FY24, Avanti Feeds derived 83% of its revenue from North America, while the figure for Apex Frozen Food was 64%.
The total value of India’s shrimp exports is reportedly Rs 50,000 crore, with the US accounting for nearly 44% of the total shrimp exports.
As per media reports, the total tariff on Indian shrimp exports, post the imposition of the new tariffs, could be 45%. These new tariffs are expected to make Indian shrimp more expensive in the US, potentially halting supplies to the key market.
The reports also stated that India could maintain or even expand its agricultural exports to the United States despite newly announced tariffs, as competing nations face even steeper duties. While India faces 26% tariffs, China faces 34%, creating an 8% differential advantage for Indian exporters. Other competitors face even steeper barriers, with Vietnam at 46%, Bangladesh at 37%, Thailand at 36%, and Indonesia at 32%.
India's relative tariff advantage combined with shrimp's small share in overall US food expenditure means demand is unlikely to shrink significantly, a media report said.
Avanti Feeds is a manufacturer of prawn and fish feeds and shrimp processors and exporters. The company's principal products/services are shrimp feed and processed shrimp.
Apex Frozen Foods is an integrated producer and exporter of shelf-stable, quality aquaculture products.
The stock hit a 52-week high of Rs 815 today. The counter has soared 68.02% from its 52-week low of Rs 472 hit on 14 March 2024.
On the BSE, 4.55 lakh shares were traded so far, compared with average daily volumes of 0.47 lakh shares in the past two weeks.
The stock had outperformed the market over the past month, rising 9.94% as against Sensex's 5.84% drop.
The scrip had outperformed the market in the past three months, jumping 31.13% as against a 9.86% decrease in Sensex.
The counter had also outperformed the market in the past year, soaring 51.22% as against Sensex's 0.04% rise.
On the technical front, the stock's daily RSI (relative strength index) stood at 65.044. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
On the daily chart, the stock was trading above its 50-day, 100-day, and 200-day simple moving average (SMA), placed at 682.82, 642.55, and 638.36, respectively. These levels will act as crucial support zones in the near term.
The company reported an 86.59% jump in consolidated net profit to Rs 135.21 crore on an 8.98% increase in revenue from operations to Rs 1,365.8 crore in Q3 FY25 over Q3 FY24.
Coforge Ltd, J K Cements Ltd, IIFL Finance Ltd, Timken India Ltd are among the other stocks to see a surge in volumes on NSE today, 05 March 2025.
Avanti Feeds Ltd recorded volume of 81.75 lakh shares by 14:14 IST on NSE, a 8.38 times surge over two-week average daily volume of 9.76 lakh shares. The stock gained 5.94% to Rs.784.00. Volumes stood at 9.03 lakh shares in the last session.
Coforge Ltd clocked volume of 29.04 lakh shares by 14:14 IST on NSE, a 5.03 times surge over two-week average daily volume of 5.77 lakh shares. The stock gained 7.37% to Rs.7,743.65. Volumes stood at 4.27 lakh shares in the last session.
J K Cements Ltd saw volume of 4.01 lakh shares by 14:14 IST on NSE, a 3.93 fold spurt over two-week average daily volume of 1.02 lakh shares. The stock increased 0.88% to Rs.4,444.50. Volumes stood at 57166 shares in the last session.
IIFL Finance Ltd notched up volume of 83.78 lakh shares by 14:14 IST on NSE, a 3.92 fold spurt over two-week average daily volume of 21.39 lakh shares. The stock rose 10.90% to Rs.314.50. Volumes stood at 24.26 lakh shares in the last session.
Timken India Ltd notched up volume of 3.72 lakh shares by 14:14 IST on NSE, a 3.62 fold spurt over two-week average daily volume of 1.03 lakh shares. The stock rose 3.72% to Rs.2,604.50. Volumes stood at 1 lakh shares in the last session.