VENKYS
VENKEYSCompany website venkys.com
4000cr worth Pune-based Indian poultry major .
First Indian corporate to own an English Premier League football club ( global footprint )
Preferred supplier to Qsr like KFC, Pizza Hut, McDonalds and TGI, besides having own version of quick service retail outlet Venky''s XPRS
Pat reducing due to aggressive expansions.
Products are delicious, must try ( Personal taste buds agree )
What works- Growing healthy/ unhealthy lifestyle- young gen's focus on protein/ green meat, fast food, pet grooming
VERTICALS-
AHP (Animal Health Care Products)
Biotech
Health Care Products
Egg Powder
FMCG
Vaccines
Feed Supplements
NSE:VENKEYS - Venky's (India) Ltd
Venkys (India) has diversified its activities in poultry sector that includes the production of SPF eggs, chicken and eggs processing, broiler and layer breeding, animal health products, Poultry feed & equipment, soya bean extract and many more.
The company derives 50% of its business from poultry and poultry products with rest coming from animal healthcare products (AHP) and oil seed division. Within poultry division, company sells broiler/layer DOC, commercial grown up birds, processed chicken and SPF (specific pathogen free) eggs. VIL is one of the largest manufacturers of SPF eggs in India and these eggs are used for manufacturing poultry and human vaccines.
> DARVAS BOX SUGGEST breaking out of the lower box to upward box
> Big volume from last three weeks
NSE:VENKEYS - Venky's (India) LtdVenkys (India) has diversified its activities in poultry sector that includes the production of SPF eggs, chicken and eggs processing, broiler and layer breeding, animal health products, Poultry feed & equipment, soya bean extract and many more.
The company derives 50% of its business from poultry and poultry products with rest coming from animal healthcare products (AHP) and oil seed division. Within poultry division, company sells broiler/layer DOC, commercial grown up birds, processed chicken and SPF (specific pathogen free) eggs. VIL is one of the largest manufacturers of SPF eggs in India and these eggs are used for manufacturing poultry and human vaccines.
> DARVAS BOX SUGGEST breaking out of the lower box to upward box
> Big volume from last three weeks
BUY VENKYS 525 to 520 TARGET 540-550 VENKYS MADE 52 WEEK HIGH A WEEK BACK AROUND 575 AND HAS GIVEN 10 % CORRECTION.
OSCILLATORS ARE IN OVERSOLD AND ITS RIPE FOR TECHNICAL RECOVERY.
IF BULL RUN CONTINUES IT HAS VERY HIGH PROBABILITY OF MAKING NEW HIGH OF 600 .
HOWEVER FOR A CAUTIOUS TRADER 540-550 SHOULD BE EASILY AND QUICKLY ACHIEVABLE TARGET.
TRADE WITH CAUTION.
Rgds
Sandeep