Hatsun Agro Product gains after declaring Q2 result

Hatsun Agro Product rose 1.36% to Rs 356.50 at 09:36 IST on BSE after net profit rose 3.61% to Rs 32.16 crore on 17.36% rise in total income to Rs 1001.82 crore in Q2 September 2016 over Q2 September 2015.

The announcement was made after market hours yesterday, 18 October 2016.

Meanwhile, the BSE Sensex was down 18.91 points, or 0.07%, to 28,031.97

On BSE, so far 600 shares were traded in the counter, compared with average daily volume of 2,817 shares in the past one quarter. The stock hit a high of Rs 357.50 and a low of Rs 356.05 so far during the day. The stock hit a record high of Rs 406.40 on 13 July 2016. The stock hit a 52-week low of Rs 279.29 on 19 February 2016.

The mid-cap company has an equity capital of Rs 15.22 crore. Face value per share is Re 1.

Hatsun Agro Product said that the company is planning to invest about Rs 850 crore during the year ending 31 March 2017 (FY 2017) and FY 2018 in capacity including commissioning of two new milk processing facilities and enhancing existing facilities in plant and machinery, procurement, marketing and other related supporting areas in order to cope up with the increased volume of production and sales.

Hatsun Agro Product is India's largest private sector dairy.

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