Hatsun Agro, Avanti Feeds hit record highs

Shares of Indian food processing companies were in focus with Avanti Feeds, Hatsun Agro Products, Kwality and Vadilal Industries hitting their respective 52-week highs on BSE in intra-day trade on Wednesday. Of these, Avanti Feeds and Hatsun Agro Products were trading at their all-time highs. In past three months, all these four stocks have outperformed the market by gaining more than 25% each as compared to 8.5% rise in the S&P BSE Sensex. Hatsun Agro Products (HAP), the largest gainer today, has rallied 7% to Rs 513 on BSE in intra-day trade. The stock was up 10% in past two trading sessions, after the company said that it has commissioned wind power plants with a capacity of 24 MW in Tuticorin. A solar plant with a capacity of 550 KW will be commissioned later this month in Dindigul district. Astrology and Numerology Trading Tips




With an investment of Rs 180 crore, the wind and solar projects are expected to generate around 73 million units of electricity per annum and will meet 75% of the power requirements of HAP, the company said in a press release. Vadilal Industries hits fresh 52-week high of Rs 814, up 3.5%, after surging 12% on Tuesday. In past one month, the stock outperformed the market by gaining 35% after reported a 33.8% year on year growth in net profit for the first nine months (April-December) of current financial year 2017. On comparison, the S&P BSE Sensex was up 2.2% during the period. The company said it is now reaping benefits of substantial investments in capacity, technology, brand and distribution. As volumes enhance, existing capacity gets utilized more efficiently and margins which were depressed in the past are improving. Commodity Trading Tips