Hatsun Agro Product surges 20% on DSP Blackrock Mutual Fund stake buy

The stock surged 20% to Rs 895, also its record high on the NSE after DSP Blackrock Mutual Fund bought more than one percentage point stake in the company through open market

Hatsun Agro Product surged 20% to Rs 895, also its record high on the National Stock Exchange (NSE) after DSP Blackrock Mutual Fund bought more than one percentage point stake in the company through open market.

On November 10, 2017 DSP Blackrock Mutual Fund bought 1.89 million equity shares representing 1.2% of total equity of Hatsun Agro Product at Rs 735 per share on the NSE, the bulk deal data shows.

R G Chandramohan, the promoter of the company, had sold 3.15 million or 2.07% stake in the packaged foods company at Rs 735.01 per share, data shows.