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
Venkeys
Venkeys Daily Chart ResistanceThis is a pretty important resistance for Venkeys. The stock has a tendency to retest 1000 levels. The last time such a retest happened, it broke out of an upper circuit spree. This time around, the candles do not inspire confidence as the most recent three indicate a fair bit of choppiness. Volumes appear to be fairly good and momentum seems sufficient to breach resistance, too. However, it remains to be seen how the stock will react given broad-market cues. As a frozen foods stock, demand should hopefully remain evergreen, with production ramping up due to Unlock 1.0.
Once this resistance is breached, we might see a slowdown at 1330 or so.