The Hindu Business Line : Venky's India: On performance hopes

Venky's India has been witnessing a steady climb at the bourses of late. On Tuesday, the stock also witnessed a block deal for 5.02 lakh shares (or 5.33 per cent of the company's equity) at Rs 134.70.

According to market participants, the company's performance, which was affected due to bird flu last year, is likely to improve in the current fiscal.

The company, which is a major player in the poultry industry, sells products to MNCs such as McDonald's, Pizza Hut and KFC, apart from domestic major hotels. Another trigger for the stock is the lifting of ban on Indian poultry imports by West Asian countries recently. Expecting good financial performance, the stock has seen quiet accumulation. On Tuesday, it closed at Rs 140, a gain of 6.2 per cent week-on-week.

K.S. Badri Narayanan

More Stories on : Stock Markets | Stocks | Ear to the ground | Poultry

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
US co plans 24/7 solar power using satellite

GSK Pharma looking to sell fine chemicals biz

TCL plans production in India

Dr Reddy's settles patent litigation with Glaxo

Decision on cane SAP put off on UP municipal polls

Global Infocom to set up 600 `property showrooms'

Bangalore is happening centre for Intel

Now, more people surf the Net for content

IBA concern over home loan frauds

Venky's India: On performance hopes

Ciba Specialty up on global cues

FIIs may get more leeway in F&O

No `safety net' to public issues, RBI tells banks