News and Views
Recent Price Movement and Sector Context
Avanti Feeds has been under pressure for the past four consecutive days, resulting in a cumulative loss of 9.81% over the week. This underperformance is more pronounced than the broader Sensex, which declined by only 1.77% during the same period. The aquaculture sector, to which Avanti Feeds belongs, also faced a downturn, falling by 4.41%, indicating that the stock’s weakness is partly reflective of broader sectoral challenges.
On the day in question, the stock touched an intraday low of ₹739.15, representing a 5.73% drop from previous levels. The weighted average price suggests that a larger volume of shares traded closer to this low, signalling selling pressure near the bottom end of the day’s range. This pattern often points...
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