Stock of Interest

Posted On: August 7, 2023

Stock Report: HATSUN (NSE) 04 Aug 23 

Hatsun Agro Product Ltd (HAP), popularly known as Hatsun, is a prominent private sector dairy company based in Chennai, Tamil Nadu, India. Founded in 1970 by R. G. Chandramogan, the company has emerged as a leading player in the Indian dairy industry. With a strong presence and recognition, Hatsun has received accolades such as “The Fastest Growing Asian Dairy Company” and has been consistently awarded the Golden Trophy by the Indian Government for being the largest dairy products exporter. Under the leadership of Chairman R. G. Chandramogan and Managing Director C. Sathyan, Hatsun specializes in a diverse range of dairy products and owns well-known brands like Arun Icecreams, Arokya, Hatsun, HAP daily, Ibaco, and Santosa. With a revenue of ₹5,400 crore (US$680 million) and operating income of ₹746.36 crore (US$93 million) in 2018, the company has shown remarkable growth and financial success. 

#xCalData predicts #HATSUN will continue its Bullish phase over the next five days and trend in the range of 1072.2to 1018.3. 

In comparison to the previous month, the price of the stock has experienced an increase of 11.45% indicating a bullish.   

The Stock has doubled thrice since 06 Jan 2015 and took an average of 2.2 years to double.  

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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