Hatsun Agro Products is prudently utilising the deflationary trend in commodity prices to accumulate the SMP inventory. This would help Hatsun Agro Products maintain profitability, ICICI Securities said.
Tejas Networks shares soared 20 per cent to hit a high of Rs 1,086.90 on BSE. Tejas Networks turned profitable in Q4. Hatsun Agro Product gained as the company reported 108.76 per cent YoY rise in profit at Rs 52.16 crore in Q4.
The company also declared an interim dividend of Rs 6 per share (600%) on the fully paid-up equity shares of face value of Re 1 each. The firm has fixed July 27 as the record date for the payment of the interim dividend, which will be paid on or before August 18, 2023.
The board will meet to consider and approve the proposal for the sale by way of transfer of all the related assets and liabilities on a “Slump Sale” basis to the prospective buyer, at a price mutually agreeable to the company and the buyer.
Hatsun Agro share price today: Hatsun Agro stock has risen 14 per cent in the last four trading sessions. The stock gained 8.04 per cent to Rs 1,130 today on BSE.