600 per cent dividend announced: do you have this stock in your portfolio?

The shares of the company grew by more than 15 per cent in the last six months.

Hatsun Agro Product Limited announced its Quarterly Results for the financial year 2023-24. The revenue of the company for Q1FY24, stood at Rs 2,150.64 crore which grew by 6.75 per cent YoY. The operating profit of the company stood at Rs 240.11, growing 30.8 per cent YoY while the PAT of the company grew by 54.29 per cent YoY staying at Rs 80.15 crore. 

The board of the company recommended an interim dividend of Rs 6.00 per equity share with a face value of Rs 1.00 each, for the financial year ended March 31, 2024. The company has fixed 27th July 2023, as the record date for the interim dividend.   

Hatsun Agro Product Limited is a Chennai-based company that processes over 40 lakh liters of milk and milk products daily, with a strong market presence in Tamil Nadu. It has 20 processing facilities across Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, and Maharashtra. Popular brands include Arokya milk; Arun ice creams; Hatsun curd, ghee, and butter; and an ice-cream chain under the Ibaco brand and Santosa Cattle Feed.

On Thursday, the stock opened at Rs 1,071.05, with a high and low of Rs 1,094.90 and Rs 1,035.0, respectively. The stock closed trading at Rs 1,051.05, up by 7.71 per cent. The stock has a 52-week high of Rs 1,118.50 and a 52-week low of Rs 786.00.

Disclaimer: The article is for informational purposes only and not investment advice.