Sunday, May 11, 2008

Hatsun Agro gains on stock split proposal

Hatsun Agro Product gained 2.30% to Rs 445 at 9:57 IST on BSE after the company said on Thursday, 8 May 2008, it has scheduled a board meet on 21 May 2008 to consider stock split.

The stock hit a high of Rs 445 and a low of Rs 445 so far during the day. The stock had a 52-week high of Rs 447 on 8 February 2008 and a 52-week low of Rs 131 on 25 May 2007.

The company’s current equity is Rs 6.80 crore. Face value per share is Rs 10.

The current price of Rs 445 discounts its Q3 December 2007 annualised EPS of Rs 30.69, by a PE multiple of 14.50.

Hatsun Agro Product’s net profit rose 221.6% to Rs 5.21 crore on 51.9% increase in net sales to Rs 232.19 crore in Q3 December 2007 over Q3 December 2006.

The company is engaged in manufacturing and selling milk and milk products and ice creams. The company operates in two segments viz. milk and milk products and ice cream and others. The company mainly operates in Tamil Nadu, Karnataka and West Bengal states.

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