Ex­cel­lent Rec­om­men­da­tion

Dalal Street Investment Journal - - CONTENTS -

Ihave been read­ing your mag­a­zine for over five years now. I saw your rec­om­men­da­tion on Avanti Feeds and have bought it at a very low price. Today, the stock is a multi­bag­ger. I thank you for an ex­cel­lent rec­om­men­da­tion. I am still hold­ing on some Avanti Feeds shares. Now, I would like to know if I should HOLD on to the stock or book profit?

- Mr. Ma­hesh Patil

Editor Re­sponds: Thank you for writ­ing to us. Noth­ing pleases us more than our reader-in­vestors gain­ing from our rec­om­men­da­tions. We are glad you could cap­i­tal­ize on the op­por­tu­nity. To an­swer your ques­tion, we be­lieve that there is ev­ery rea­son to HOLD on to the stock since Avanti Feeds de­liv­ered ex­tra­or­di­nary re­sults in Q1FY18. The EBITDA grew by ~195% to Rs 1204 crore. In spite of three­fold in­crease in tax paid, the net profit mar­gin ex­panded by 810 bps to 14.8%.

Keep read­ing your favourite mag­a­zine for more wealth-cre­at­ing ideas and thank you once again for writ­ing to us.

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