Saturday, June 28, 2008

Hatsun Agro Product setting record date for stock split

Hatsun Agro Product declined 3.56% to Rs 433 at 12:31 IST on BSE after fixing 24 July 2008 as the record date for 5-for-1 stock split.

The company announced this during trading hours today, 27 June 2007.

The stock hit a high of Rs 436 and a low of Rs 415.15 so far during the day. The stock had a 52-week high of Rs 536 on 13 May 2008 and a 52-week low of Rs 150 on 27 June 2007.

The company has an equity capital of Rs 6.8 crore. Face value per share is Rs 10.

The current price of Rs 433 discounts its Q4 March 2008 annualised EPS of Rs 31.10, by a

PE multiple of 13.92.

The company’s net profit rose 15.8% to Rs 5.28 crore on 47.8% rise in sales to Rs 230.30 crore in Q4 March 2008 over Q4 March 2007.

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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