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Hatsun Agro Product surges 20% on DSP Blackrock Mutual Fund stake buy

The stock surged 20% to Rs 895, also its record high on the NSE after DSP Blackrock Mutual Fund bought more than one percentage point stake in the company through open market

SI Reporter  |  Mumbai 

Hatsun Agro Product surges 20% on DSP Blackrock Mutual Fund stake buy

surged 20% to Rs 895, also its record high on the National Stock Exchange (NSE) after bought more than one percentage point stake in the company through open market.

On November 10, 2017 bought 1.89 million equity shares representing 1.2% of total equity of at Rs 735 per share on the NSE, the bulk deal data shows.

R G Chandramohan, the promoter of the company, had sold 3.15 million or 2.07% stake in the packaged foods company at Rs 735.01 per share, data shows. CLICK HERE FOR BULK DEAL DATA

The names of the other buyers not ascertained immediately.

manufactures and products that cater to both cooking and consumption, like milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer and lots more. The company is leading dairy company with well-known products brands ‘Arun’ ‘IBACO’ and ‘Hatsun’.

At 11:58 AM; the stock was up 18% at Rs 881 on the NSE, as compared to 0.45% decline in the Nifty 50 index. The trading volumes on the counter jumped multiple-fold with a combined 2.82 million shares changed hands on the BSE and NSE so far.

First Published: Mon, November 13 2017. 12:02 IST
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