InvestorQ : Why have shares of Advance Enzyme seen so much of buying interest of late?
rhea Babu made post

Why have shares of Advance Enzyme seen so much of buying interest of late?

Answer
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Riya Dwivedi answered.
1 month ago


Advanced Enzyme Technologies was up by 8% on Friday after foreign portfolio investors or FPIs bought 4% stake in the company. The stock is already up 30% in just a couple of days and is quoting at a year high. The huge block had been purchased by Nalanda Equity of Singapore.

Advanced Enzyme Technologies is expected to substantially benefit from an increase in healthcare spending in the US as well as in India. The US was inexorably moving towards the use of human healthcare enzymes and pro-biotic, with genetically modified proteins.

Advanced Enzyme has grand plans to expand presence in the massive global market for animal feed. The company’s key target geographies are North America, Europe and Latin America. This appears to be one more affirmation of the CMO story.