WeareBansal

Advenzymes CMP 346

Long
NSE:ADVENZYMES   ADVANCED ENZYME TE
Advanced Enzyme - Perfect reversal from strong supp0rt near 300. & Possible tgt 390,500,700

-Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes.
-The company manufactures and markets over 400+ proprietary products developed from over 70 enzymes and probiotics
-Human Healthcare (75% of revenues)
-Animal Nutrition (13% of revenues)
-Presently, the company earns 43% of its revem India, followed by Americas (42%), Europe (7%) and Rest of world (8%)
-It has increased its R&D spending from ~3% of turnover in FY18 to ~5% of turnover in FY20

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