Stock Review: Advanta

Advanta is one of the largest in the sunflower, mustard and corn which are widely used. They also have the global presence in Brazil, Argentina, Thailand and Australia. In FY11 Q2, they posted good results, with an EPS of about Rs 10 plus, while the EPS on whole of the calendar year 2010 was in negative. Therefore, one can expect that the company with an FCCB issue of about USD 50 million and 62% stake of which 50% is held by United Phosphorus is an excellent company. If you really see the price behaviour in this last 15 days or so, it has not really fallen below Rs 250 while it had its top of about Rs 300.