Hatsun Agro Product spurts after robust Q1 results

Hatsun Agro Product rose 10.88% to Rs 435.15 at 11:51 IST on BSE after net profit rose 291.41% to Rs 28.69 crore on 23.20% rise in net sales to Rs 865.27 crore in Q1 June 2015 over Q1 June 2014.

The result was announced after market hours yesterday, 15 July 2015.

Meanwhile, the BSE Sensex was up 159.83 points, or 0.57%, to 28,358.12.

On BSE, so far 42,000 shares were traded in the counter, compared with an average volume of 3,053 shares in the past one quarter.

The stock hit a high of Rs 469.80 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 430 so far during the day. The stock hit a 52-week low of Rs 248.90 on 17 November 2014.

The stock had outperformed the market over the past one month till 15 July 2015, rising 23.03% compared with 6.06% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.59% as against Sensex's 2.09% fall.

The mid-cap company has an equity capital of Rs 10.87 crore. Face value per share is Re 1.

Hatsun Agro Product manufactures and sells dairy products like milk, milk products and ice creams.

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