India's Hatsun Agro hits near 5-mth on strong March qtr results

Hatsun Agro Product

28/04/2021 07:29

** Shares of the dairy firm  HAPL.NS  rise as much as 6.7%
to 864.70 rupees, their highest since Dec. 9
    ** Co on Tuesday reported a nearly seven-fold jump in March
qtr profit, helped by strong demand for milk and milk products
 urn:newsml:reuters.com:*:nFWN2MK0XT
    ** Co's branded liquid milk sale has maintained its growth
trajectory and other brands contributed to the overall sales
growth as well, said RG Chandramogan, chairman of Hatsun Agro
Product
    ** Co's 'HAP Daily' retail outlets reported increased sales
during the pandemic period due to seamless product availability
and distribution - Chandramogan
    ** About 275,000 shares change hands, ~ 5x 30-day avg
    ** HAPL shares up 11.9% this year as of last close; they
rose ~66% in 2020

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))