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

The current price of Rs 510 discounts its Q3 December 2007 annualised EPS of Rs 30.69, by a PE multiple of 16.62.

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 mainly operates in Tamil Nadu, Karnataka and West Bengal states.