Hatsun Agro Product Spurts on Stock Split Proposal
Hatsun Agro Product surged 3.47% to Rs 510 at 12:05 IST on BSE after the company’s board approved a 5-for-1 stock split. The company made this announcement after trading hours on Wednesday, 21 May 2008.
On BSE, 436 shares were traded in the counter. The scrip had an average daily volume of 2,042 shares in the past one quarter. The stock hit a high of Rs 510 and a low of Rs 505 on so far during the day. The stock had a 52-week high of Rs 536 on 13 May 2008 and the stock hit a 52-week low of Rs 131 on 25 May 2007.
The small-cap scrip had outperformed the market over the past one month till 21 May 2008, gaining 17.36% compared to the Sensex’s return of 2.74%. It had also outperformed the market in the past one quarter, rising 36.92% compared to Sensex’s decline of 2.77%. The company’s current equity is Rs 6.80 crore. Face value per share is Rs 10.
The company is engaged in manufacturing and selling milk and milk products and ice creams. The company mainly operates in Tamil Nadu, Karnataka and West Bengal states.
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