ResultsCNBC-TV18
Avanti Feeds shares jump 12% on weak Q2 results
GreyOak summary
Avanti Feeds shares surged over 12% on Thursday, snapping a two-day losing streak. This move occurred despite the company reporting a 54.9% year-on-year decline in net profit to ₹69 crore for the September quarter. Revenue rose 8.9% to ₹1,752.5 crore, while EBITDA fell 59.8% to ₹78 crore.
What it affects
- Avanti FeedsAVANTIFEEDPositive +62
Shares jumped 12% despite weak Q2 results.Rolling sentiment Negative -35
Source
Read the original at CNBC-TV18More Avanti Feeds news
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