Hatsun Agro rallies 13% in four days as Sundaram, SBI MF pick up 1.3% stake

As per shareholding data on the BSE, SBI Mutual Fund and promoter Chandramogan held 4.9 per cent and 56 per cent stakes in the company, respectively, as at the end of the April-June quarter

Shares of dairy major Hatsun Agro Products surged over 6 per cent to a day’s high of Rs 1118.15 apiece in Friday’s intra-day trade. 

The stock was trading higher for the fourth straight day, having gained 13.4 per cent during this period. 

This recent upswing in the stock comes after leading mutual fund houses bought stakes in the company on Tuesday, September 6. 

SBI Mutual Fund has bought an additional stake of 0.7 per cent or 15.2 lakh shares for Rs 150.2 crore, while Sundaram Mutual Fund picked up 12 lakh equity shares or 0.6 per cent stake for Rs 118.5 crore in