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Hatsun Agro Product trades ex-date for 1:3 bonus; stock surges 14%

In the past month, Hatsun Agro Product has outperformed the market by surging 43 per cent, as compared to 8 per cent rise in the S&P BSE Sensex

Following the sharp run-up, returns are expected to plateau.
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SI Reporter Mumbai
Shares of Hatsun Agro Product rallied 14 per cent to Rs 889 on the BSE on Wednesday. The stock of the packaged foods company today turned ex-date for bonus issue in the ratio of 1:3 i.e., one new bonus equity share for every three shares held by the shareholders on the record date i.e., December 10, 2020.

In the past month, Hatsun Agro Product has outperformed the market by surging 43 per cent, as compared to 8 per cent rise in the S&P BSE Sensex. It zoomed 216 per cent from its 52-week low price of Rs 281, touched