Dont miss action in this stock as it announces the rights issue; the company has maintained a healthy dividend payout

The promoter holding in the stock is around 73 per cent, while the DII holding stands at 8.15 per cent as in the recent quarter, we saw DII increase their stake by 1.53 per cent

Hatsun Agro Products has been in business for over 5 decades and achieved the position of one of the largest players in the Diary sector manufacturing and marketing Milk and Milk products, Ice-Cream, etc.

Arun Icecreams is a brand of Hatsun Agro Products. Arun Icecreams has been a customer favourite for many years and many reasons.

The promoter holding in the stock is around 73 per cent, while the DII holding stands at 8.15 per cent as in the recent quarter, we saw DII increase their stake by 1.53 per cent and the FII holding in the stock stands at 4.17 per cent.

The meeting of the Board of Directors of the company is scheduled on December 03, to consider, discuss and decide the terms and conditions and other related matters in connection with the right issue of equity shares, including the determination of rights issue price, issue size, rights entitlement ratio, record date etc.

The stock’s dividend payout ratio stands at 59.4 per cent, while the dividend yield is about 0.63 per cent. Interestingly, the stock has maintained a healthy dividend payout ratio. RoE stands at 20.14 per cent which is among the best when compared to the peer group.

This stock could be in action in the near term on the back of the rights issue announcement!