India's Hatsun Agro hits over 3-month high as Q4 profit doubles

Hatsun Agro Product

23/04/2024 05:38

** Shares of Hatsun Agro Product  HAPL.NS  rise as much as
13.7% to 1,164.4 rupees, highest level since Jan. 19 
    ** Stock last up 11.6% 
    ** Milk products maker says its Q4 profit more than doubled
to 521.6 mln rupees ($6.3 mln) from a year ago; revenue from
operations rose 14.4% 
    ** HAPL set for best one-day rise since Feb. 1, 2022 and
gain for third straight session, if trend holds
    ** Stock moved above its 50-day, 100-day, and 200-day SMAs,
indicating bullish sentiment
    ** Trading vol is 31.8x the 30-day daily avg, tops 600,000
for the first time since Sept. 15, 2023
    ** Stock up about 1% YTD after rising 25.2% in 2023




($1 = 83.3090 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))