Advanced Enzyme Technologies 118% up of Issue Price

Advanced Enzyme Technologies is trading at the highest level since its listing on August 1, 2016. Advanced Enzyme Technologies share price has surged 8% to the new lifetime high Rs 1,947 on the NSE in an otherwise range-bound market.

With the today’s advancement, the market value of Advanced Enzyme Technologies has gone up by 118% as compared to its issue price of Rs 896 apiece.

The mutual fund's holdings in one of the world’s leading enzyme makers have increased to 10.24% in September 2016 quarter as against 3.27% on July 28, 2016. The values are supported by the shareholding pattern data.

Motilal Oswal Most Focused Multicap 35 Fund (1.43%), Reliance Capital Trustee Co. Ltd-A/C Reliance small Cap Fund (1.35%), DSP Blackrock Micro Cap Fund (1.28%) and Motilal Oswal Most Focused Midcap 30 Fund (1.11%) owns more than 1% stake in Advanced Enzyme Technologies at the ending of September quarter.

Advanced Enzyme is the second largest enzyme company in India and among the Top 15 global enzyme companies with a market share of around 0.9%. The company is occupied in research & development, manufacturing and marketing of 400+ proprietary products developed from 60 original enzymes

Meanwhile, Advanced Enzyme Technology share price was the last trading at Rs. 1,841 with the rise of 2% and closed at Rs. 1,825.75.

Given the Management experience in the industry and the Indian cost advantage, the company can post strong growth going forward.Advanced Enzyme Technologies has posted a strong CAGR of 23.9% in net profit in spite of the 14.4% CAGR in sales during FY2012-16.The strong growth in the net profit is helped by high entry barriers, which also allows the company to get high margins. However, the company’s scale of operations is small in comparison to its global peers, and its business is dependent on few products.

Advanced Enzyme Technologies are the top 500 stock picked by Dynamic Levels for the quarter. For the resistance and support levels of the stock, visit Advanced Enzyme Technologies share price forecast page of the Dynamic Levels website.