SBI Mutual Fund raises stake in THIS agro dairy stock

SBI Mutual Fund Increases Stake in Hatsun Agro.

Expert Analysis:

• Increased Stake in Hatsun Agro Product: SBI Mutual Fund raised its stake from 1,64,72,601 shares (7.3952%) to 1,77,55,262 shares (7.9710%) (8%) on January 20, 2025, by acquiring 12,82,661 shares representing  (0.5758% of paid-up capital).

• Consistent Growth in Shareholding: The fund's stake rose from 5.6186% in September 2022 to 7.40% in December 2024, reflecting a steady investment approach.

• Steady Stock Price Decline: Hatsun Agro Product's stock price has fallen 10% in one month, over 18% in three months, 23% in six months, and more than 16% in one year.

• Current Trading Price: On January 22, 2025, the stock traded 2.89% lower at ₹920.95 a piece on the BSE.

• Market Capitalization: The company maintains a market capitalization of ₹20,514 crore despite the ongoing decline in its share price.