Hold Hatsun Agro Products, target price Rs 650: ICICI Securities

ICICI Securities has given a hold rating to Hatsun Agro Products with a target price of Rs 650. The share price moved down by 2.33 per cent from its previous close of Rs 796.90. The stock’s last traded price is Rs 778.30.

Hatsun Agro Products Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 12599.63 Crore) operating in FMCG sector.

Hatsun Agro Products Ltd. key Products/Revenue Segments include Milk & Milk Products which contributed Rs 5300.25 Crore to Sales Value (99.84 % of Total Sales), Scrap & Others which contributed Rs 7.85 Crore to Sales Value (0.14 % of Total Sales) and Export Incentives which contributed Rs .23 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-06-2020, the company reported a Standalone sales of Rs 1279.28 Crore, up 1.02 % from last quarter Sales of Rs 1266.38 Crore and down -10.11 % from last year same quarter Sales of Rs 1423.22 Crore Company has reported net profit after tax of Rs 56.11 Crore in latest quarter.