Near term triggers:
Ecuador as country is going through an emergency, nobody wants to stay exposed to vulnerable supply chains any more. The country is also in a catch 22 situation where it had to cancel some arms deal with US because Russia threatened to import bananas from India. US are also looking at imposing duties on cheaper shrimp imports.
Fin Min has announced for a package with more details post election for the aquaculture sector as a whole, should be interesting.
Avanti is also diversifying. So like in the feeds segment they are gaining technical know how from Thai union, now they have signed a similar agreement with another Thai co for developing own pet food biz and shall also enter into fish feeds vertical. All of this should help as they have a very strong reputation/brand recall (synergies playing out potentially).
For me this might not be a buy and forget bet, more like a situation where trying to time the industry cycle bottom and then see how it plays.
Also attaching a chart with Nifty500 rel strength.
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