Avanti Feeds slides as Q2 profit falls 55%

Avanti Feeds fell as much as 5.89% on 11 November after Q2 profit dropped 55% year on year, despite higher revenue. Rs 655 is support; Rs 740 is resistance. Avanti Feeds Ltd [AVANTIFEED] fell as much as 5.89% in morning trade on 11 November 2026 after its Q2 FY27 results. Consolidated net profit dropped 55% year on year to Rs 68.95 crore from Rs 153.3 crore, while revenue rose 8.9% to Rs 1,752.5 crore from Rs 1,608.9 crore. Revenue growth did not translate into higher profit. The earnings decline appears to have weighed on sentiment, despite the increase in sales. The share price reaction reflects disappointment around profitability. The supplied levels place Rs 655 as key support and Rs 740 as resistance. The fall of up to 5.89% in morning trade adds to the weak picture. No chart screenshot was attached, so the pattern and price cannot be assessed independently. In my view, the earnings decline supports the bearish reading, while higher revenue offers a counterpoint. A move above Rs 740 would ease pressure. A fall below Rs 655 would put further weakness in focus and reinforce the negative view. Watch price action around both levels and whether sentiment improves. Stance: bearish while below Rs 740, with Rs 655 as the key support. Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.