Hatsun Agro soars 18% on SBI Mutual Fund stake buy

The stock hit a new high of Rs 827 after SBI Mutual Fund acquired 1.05 million equity shares representing 0.69% of total equity of Hatsun Agro Products at price of Rs 700 per share via bulk deal.

Hatsun Agro Products soared 18% to Rs 827, also its record high on the National Stock Exchange (NSE) in intra-day trade after the SBI Mutual Fund bought nearly one percentage point stake in the company through open market.

On Tuesday, October 3, 2017, SBI Mutual Fund had acquired 1.05 million equity shares representing 0.69% of total equity of Hatsun Agro Products at price of Rs 700 per share via bulk deal, the NSE data shows.

Hatsun Agro Product manufactures and markets dairy products like milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, etc.

At 01:26 PM; the stock was up 13% at Rs 794 as compared to 0.64% rise in the S&P BSE Sensex. A combined 296,033 shares changed hands on the counter on the NSE and BSE so far.