Venky’s India

Shares of SKM Egg Products Export India, Venky's India, Simran Farms and Ovlbel Foods were up in the range of 5 per cent to 10 per cent in Thursday's intra-day trading session

For FY21, Venky's had posted PAT of Rs 267.7 crore against loss of Rs 27.16 crore, despite 4.4 per cent year on year drop in revenue from operations at Rs 3,117 crore

The board has recommended a dividend of Rs 17 per equity share (170 per cent) for the year ended March 31, 2021, subject to the approval of shareholders

For Nifty, 12,430.50 is the first level to watch, and post that, the theoretical target of the 'Flag' pattern is around 12,700

The stock slipped 10% to Rs 2,541 after the company reported 80% drop in profit at Rs 55 million, due to lower realizations from the sale of grown-up broilers and broiler day-old chicks.

Kotak Securities analysts have downgraded Venky's (India) to 'sell' citing the sharp rally seen over the past few months

The stock hit a new high of Rs 4,530 in intra-day trade, rallied 69% in past seven trading days against 1.3% rise in the S&P BSE Sensex.