Hatsun Agro soars 18% on SBI Mutual Fund stake buy

The stock hit a new high of Rs 827 after SBI Mutual Fund acquired 1.05 million equity shares representing 0.69% of total equity of Hatsun Agro Products at price of Rs 700 per share via bulk deal.

Premium

L to R: Prabhat Dairy, Hatsun and Parag (Go brand) are increasing the business-to-consumer component in their product baskets. At Prabhat Dairy, the revenue share of B2C products is being pushed up to 50 from 30 per cent. At Hatsun Agro it is more t

SI Reporter Mumbai

Last Updated : Oct 04 2017 | 3:48 PM IST

Hatsun Agro Products soared 18% to Rs 827, also its record high on the National Stock Exchange (NSE) in intra-day trade after the SBI Mutual Fund bought nearly one percentage point stake in the company through open market.

On Tuesday, October 3, 2017, SBI Mutual Fund had acquired 1.05 million equity shares representing 0.69% of total equity of Hatsun Agro Products at price of Rs 700 per share via bulk deal, the NSE data shows.

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

At

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in