Dairy firm Hatsun Agro Product hits 1-month high on profit surge

Hatsun Agro Product

19/01/2021 08:07

** Shares of India's Hatsun Agro Product  HAPL.NS  rise as
much as 5.1% to 759 rupees, highest since Dec. 18
    ** HAPL reports 141% surge in Dec-qtr profit, on a 4% rise
in revenue, and lower expenses  urn:newsml:reuters.com:*:nFWN2JT0QJ
    ** Plans to set up milk processing unit with a capacity of
150,000 litres per day in the southern state of Tamil Nadu;
likely to commence commercial production by end of March 2021
    ** Stock marks biggest intraday pct climb since Dec. 22
    ** About 219,000 shares change hands by 0759 GMT, compared
with the 30-day avg of more than 77,400 shares
    ** Stock rose ~66% in 2020

($1 = 73.2220 Indian rupees)

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))