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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.

The stock traded at a P/E multiple of 32.79, while the price-to-book value ratio stood at 6.93.

The United States financial regulators have stepped up pressure against cryptocurrency companies, with the Securities and Exchange Commission (SEC) charging Binance and Coinbase for selling unregistered securities and failing to register as brokers. Crypto defenders argue that regulations do not fit the likes of Bitcoin or Ethereum and cause uncertainty and confusion. Crypto companies have been caught between "a turf war" as they wish for clear regulation, but political gridlock has stalled any progress. The clampdown could lead to crypto-based companies having to move to more receptive jurisdictions. In March, the White House called cryptocurrencies "too risky" and not an effective alternative to fiat currency.