Hatsun Agro’s share price: Shares of Hatsun Agro, a dairy products manufacturer, surged by over 16% on Tuesday, July 16, hitting a new 52-week high. This jump came after the company reported strong results for the June quarter (Q1FY25). The share price opened at ₹1,350, up from its previous close of ₹1,186.95, and quickly reached a high of ₹1,380. However, it later settled at ₹1,279, which is still a 7.76% increase. At the same time, the Sensex was up by 0.13% at 80,771.
On Monday, July 15, Hatsun Agro announced a 63% year-on-year increase in its Q1FY25 profit after tax (PAT), reaching ₹130.54 crore, compared to ₹80.14 crore in the same quarter last year. The company’s revenue also rose by 10.4% year-on-year to ₹2,375.06 crore from ₹2,150.64 crore.
The board declared an interim dividend of ₹6 per share, with a record date of July 24, 2024. The dividend will be paid on or before August 14, 2024. Additionally, the company plans to hold a one-on-one meeting with analysts on Friday, July 19.
Hatsun Agro’s share price has increased by a little over 23% in the past year, slightly outperforming the Sensex’s 22% gain. The stock has seen a significant rise in the past two months, jumping over 44% from its 52-week low of ₹956.10 on May 27 to its new high. In July alone, the share price has gone up by more than 23%.
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