Avanti Feeds rises 12.06% after Q2 profit and EBITDA slump
In short
Avanti Feeds jumped as much as 12.06% in intraday trade and ended a two-day losing run. This came one day after the company reported Q2 net profit of ₹69 crore, down 54.9%, and EBITDA down 59.8%.
The stock move shows traders reacting to the results, even though the quarter was weak.
What the reporting says
Avanti Feeds surged as much as 12.06% in intraday trade, leading Nifty 500 gainers and snapping a two-session losing streak, a day after reporting weak Q2 numbers. The company had posted a 54.9% decline in net profit to ₹69 crore and a 59.8% drop in EBITDA. The rebound shows investors buying the stock despite the sharp earnings fall.
Why it matters
Avanti Feeds jumped as much as 12.06% in intraday trade, becoming a top gainer in the Nifty 500 and ending a two-session losing streak. The rally came a day after the company reported a 54.9% fall in Q2 net profit to ₹69 crore and a 59.8% decline in EBITDA. The move suggests investors looked past the weak earnings print in the session.