Tag: Shrimp Exporters

The shrimp manufacturers and exporters which were leading the Indian stock market for a while have now baffled investors after witnessing a sharp fall in share prices which has been considered too high to measure. Yesterday, a news has surfaced that shares of shrimp exporter Avanti Feeds which grow 40000% in last 5 years have lost 38 percent of their market value since April 26. And today, adding to the misery of investors, shares have gone further down by 12.27% and are currently trading at Rs 1,306.90 down from its previous closing of Rs 1,489.60 on the BSE on the back of heavy volumes. The scrip opened at Rs 1,480 and has touched a high and low of Rs 1,480 and Rs 1,232 respectively. Apex Frozen, on the other hand, is a leading integrated producer as well as exporter of shelf ta...