Hatsun Agro stock gains as MD bulk buys stock worth Rs25 crore

16 Mar 2022 , 11:20 AM

Hatsun Agro Products Limited’s stock soared nearly 4% in today’s trade as its Chairman and Managing Director Chandramogan RG bought shares of the company valuing about Rs25 crore through an open market transaction.

Chandramogan purchased 2.80 lakh shares of the company at an average price of Rs1194 per piece. So, the total deal value was Rs24.83 crore.

Hatsun’s stock jumped to a high of Rs1209 as against its previous closing of Rs1,165.30 on NSE. However, it washed off its early gains and trading higher by 1.8% on the NSE.

Chandramogan is also a promoter of the company who held a 56.76% stake in the company as of December 2021.

Recently, its public shareholder Malabar Value Fund also cut off its 1.90% stake in the company.