Meanwhile, the S&P BSE Sensex was up 295.69 points, or 0.85% to 35,220.56.

On the BSE, 25,000 shares were traded in the counter so far compared with average daily volumes of 17,000 shares in the past two weeks. The stock had hit a high of Rs 1,902 and a low of Rs 1,815 so far during the day. The stock hit a record high of Rs 3,000 on 13 November 2017. The stock hit a 52-week low of Rs 1,288.80 on 20 June 2017.

Avanti Feeds is the leading manufacturer of prawn and fish feeds and shrimp processor and exporter from India.