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Breakout of the confined range of a rectangle chartformation is very likely in the near term.

Smallcap companies are stealing the show and driving growth for portfolios of retail investors, with mid and smallcap indices already at record highs. A study by ETMarkets showed the FY23 EPS of 116 smallcaps surged by over 100%, with at least 11 of these companies reporting growth of more than 1,000%. Telecom firm Vindhya Telelinks topped the list, with its EPS increasing 9,488% to Rs 156.37, while multibagger stock Ramky Infrastructure saw a 4,729% spike to Rs 164.83. Analysts recommend investing in small companies with high growth rates and low starting valuations to maximise returns.

Price sustaining above 13 day EMA and close above previous intermediatehighs signaling further upward momentum in coming sessions.

Low PE stocks are considered as value stocks and are best suited for long-term investment horizons.

I would not say gains but we have been sharing that I do see the market substantially higher. See from time to time we do have correction and people come and question and say you know whatever but see as an investor ultimately you have to get the broader direction right.

Promoters held 59.45 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 23.11 per cent and 3.91 per cent, respectively.

A total of 308,753 shares changed hands on the counter till 11:17AM (IST).

The Relative Strength Index of the stock stood at 65.47 on Friday.

Midcap and smallcap funds were preferred by investors according to data shared by Motilal Oswal Financial. Seven top schemes in assets under management revealed the highest increase in AUM on a month-on-month basis in May. HDFC Smallcap Fund led the pack, with a nearly 7% change in the net asset value. Despite earning growth concerns, shares of Tata Elxsi has given a 24% return to investors. Suzlon Energy has given 36% return, while Raymond has given approximately 12% return. Money managers remain confident with midcap and small cap funds, with funds flows continuing.

Avanti Feeds, incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 5272.71 Crore) operating in Aquaculture sector.