Agro stock jumped 16% as investors jumped on company shares after Q1 results

Hatsun Agro shares: Hutson Agro’s share price has seen an increase of over 16 percent today after the quarterly results were announced. Shares of the company jumped over 13 percent on BSE today to Rs. Opened at 1350. Shortly after, the share price of this dairy products manufacturing company touched an intra-day high of Rs 1380. This is the company’s 52-week high. Let us tell you that the 52-week low level of the company is Rs 956.10.

Shares rise after quarterly results

The company’s quarterly results were announced yesterday i.e. after the market closed on Monday. In the first quarter of the current financial year, the company’s net profit stood at Rs. 130.45 crores. In the same quarter a year ago, the company’s net profit was Rs. 80.14 crores.

During April to June 2024, the company’s revenue increased by 10.40 percent to Rs. 2375.06 crores. In the same quarter last year, the company’s revenue was Rs. 2150.64 crores.

The company is also going to pay dividends

The company has announced quarterly results as well as dividend. The company has stated in the information given to the stock markets that it is Rs. 1 on shares of face value of Rs. will pay an interim dividend of 6. The company has fixed the record date for this dividend as 24 July 2024. Let us tell you that the company will pay the dividend to the eligible investors on or before August 14.

In terms of overall performance over the past one year, Hutson Agro’s share price has seen an increase of 23 percent during this period. While Sensex has increased by 22 percent during this period.

(This is not investment advice. Stock market is subject to risks. Consult experts before making any investment.)