Hatsun Agro bonus issue: Hatsun Agro board approves 1: 3 bonus issue

Mumbai: Hatsun Agro Product on Monday said its board has approved a bonus share issue in the ratio of 1:3.

The stock was up 0.59 per cent at Rs 846 on the BSE, while Sensex climbed 1.02 per cent to Rs 40,303.95 points.

The Chennai-based dairy firm also reported a net profit of Rs 65.79 crore for the quarter ended September against Rs 25.24 crore posted in the same quarter a year ago.

The company’s revenue rose 3.79 per cent year-on-year to Rs 1,327 crore from Rs 1,278.55 crore.

The stock is up 43.26 per cent for the year-to-date, and is merely 3.9 per cent away from logging a new 52-week high.

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