Hatsun Agro turns volatile after multiple block deals

Hatsun Agro Products rose 1.84% to Rs 143.90 at 12:30 IST on BSE after multiple block deals aggregating 5.9 lakh shares were executed on BSE.

Two block deals 1 lakh shares each were executed at Rs 150 per share at 10:29 IST. Another block deal of 1 lakh shares was executed at Rs 145 per share at around same time. One more block deal of 1.9 lakh shares was executed at Rs 150 per share at 10:40 IST. Another block deal of 1 lakh shares was executed at Rs 150 per share at 10:42 IST. The block deals constituted 0.54% of Hatsun Agro Products' equity.

Meanwhile, the S&P BSE Sensex was up 52.24 points or 0.28% at 18,453.28.

On BSE, 6.93 lakh shares were traded in the counter as against average daily volume of 7,586 shares in the past one quarter.

The stock was volatile. The stock surged as much as 9.66% at the day's high of Rs 154.95 so far during the day. The stock lost as much as 2.33% at the day's low of Rs 138 so far during the day. The stock had hit a record high of Rs 168.95 on 10 July 2013. The stock had hit a 52-week low of Rs 81 on 26 October 2011.

The stock had outperformed the market over the past one month till 29 August 2013, surging 4.4% compared with the Sensex's 6.08% fall. The scrip had also outperformed the market in past one quarter, jumping 9.96% as against Sensex's 8.67% fall.

The small-cap company has equity capital of Rs 10.77 crore. Face value per share is Re 1.

Hatsun Agro Product's net profit rose 14.2% to Rs 15.87 crore on 22.9% growth in net sales to Rs 601.98 crore in Q1 June 2013 over Q1 June 2012.

Hatsun Agro Product is a South India based private sector dairy company.

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