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Hatsun Agro stock rises by 15% after Q4 results

Hatsun Agro on Monday announced its FY 2024, Q4 results, which resulted in an almost 15% increase in its share price.

On Tuesday, the stock opened around Rs. 1122.05, which was a 14.7% gap up from its previous close of Rs. 1023.80 on BSE. 

Hatsun Agro’s PAT for Q4 FY 2024 increased by 108.76% reaching Rs. 52.16 cr from Rs. 24.99 cr for the same period last FY. 

The company's EBITDA also increased by 46.64% for Q4FY2024 reaching Rs. 231.77 cr from Rs. 158.05 cr. 

With the positive results, ICICI Securities has given a ‘Buy’ upgrade to the stock from ‘hold’ with a targeted share price of Rs. 1190, which was Rs. 1145. 

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