Hatsun Agro stock rises by 15% after Q4 results

[{"selector":"#anim-d99f7229-fcef-4cfa-bf61-38b56ceb24cc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Hatsun Agro on Monday announced its FY 2024, Q4 results, which resulted in an almost 15% increase in its share price. Hatsun Agro Share Price

[{"selector":"#anim-a40b938b-50b9-4ef3-b0bb-4a607232fe6d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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.

[{"selector":"#anim-3d9d9764-e059-4002-93e5-337a448cb367","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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.

[{"selector":"#anim-db7612c0-e0e0-4203-8537-d7d478295f61","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The company's EBITDA also increased by 46.64% for Q4FY2024 reaching Rs. 231.77 cr from Rs. 158.05 cr.

[{"selector":"#anim-8831ec85-fd7f-4065-9c18-4221734cf4f7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] 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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