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Hatsun Agro Products shines on plan of raising Rs 500 crore via QIP

28 Apr 2017 Evaluate

Hatsun Agro Products is currently trading at Rs. 639.50, up by 20.95 points or 3.39% from its previous closing of Rs. 618.55 on the BSE.

The scrip opened at Rs. 660.00 and has touched a high and low of Rs. 680.00 and Rs. 629.90 respectively. So far 26432 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 680.00 on 28-Apr-2017 and a 52 week low of Rs. 300.00 on 14-Jul-2016.

Last one week high and low of the scrip stood at Rs. 680.00 and Rs. 568.10 respectively. The current market cap of the company is Rs. 9687.03 crore.

The promoters holding in the company stood at 74.71%, while institutions and non-institutions held 3.46% and 21.83% respectively.

Hatsun Agro Products has received its board’s approval to raise as much as Rs 500 crore through a qualified institutional placement (QIP), in one or more tranches. Further, the board has decided to seek the approval of Shareholders through Postal Ballot for the above purpose.

Hatsun Agro, India's largest private sector dairy, sells liquid milk under the brand name Arokya, ice creams under the brand Arun Icecreams, and a wide range of dairy products under the brand Hatsun.

Peers
Company Name CMP
Nestle India 1357.50
Varun Beverages 432.15
Britannia Industries 4906.00
LT Foods 424.50
Hatsun Agro Product 1136.10
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