Hatsun Agro slips after Wednesday's rally

Hatsun Agro Product lost 2.23% to Rs 760 at 14:28 IST on BSE, with the stock sliding on profit booking after Wednesday's rally triggered by SBI MF purchasing bulk shares of the company.

Meanwhile, the S&P BSE Sensex was up 6.66 points or 0.02% at 31,678.37.

On the BSE, 7,651 shares were traded on the counter so far as against the average daily volumes of 3,190 shares in the past one quarter. The stock had hit a high of Rs 778.35 and a low of Rs 736 so far during the day. The stock had hit a record high of Rs 825 yesterday, 4 October 2017 and a 52-week low of Rs 319.95 on 9 November 2016.

The stock had outperformed the market over the past one month till 4 October 2017, advancing 22.83% compared with the Sensex's 0.1% fall. The stock had also outperformed the market over the past one quarter, gaining 30.57% as against the Sensex's 1.48% rise. The scrip had also outperformed the market over the past one year, advancing 129.19% as against the Sensex's 11.78% rise.

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

SBI Mutual Fund bought 10.50 lakh shares of Hatsun Agro Product at Rs 700 each in a bulk deal on the National Stock Exchange of India (NSE) on Tuesday, 3 October 2017. The stock had rallied 11.04% in a single trading session to settle at Rs 777.30 yesterday, 4 October 2017.

Net profit of Hatsun Agro Product rose 18.8% to Rs 35.19 crore on 12.8% rise in net sales to Rs 1168.74 crore in Q1 June 2017 over Q1 June 2016.

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

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