SBI Mutual Fund raised its stake in Hatsun Agro Product to nearly 8% in January 2025. Despite the company’s stock facing a downtrend, the mutual fund continues to increase its shareholding, signaling confidence in the agro-dairy sector.
India-based SBI Mutual Fund has raised its stake in Hatsun Agro Product, a leading agro-dairy company, to nearly 8% in January 2025. The mutual fund, under its various schemes, purchased 12,82,661 shares of Hatsun Agro, representing 0.5758% of the company’s paid-up share capital, on January 20, 2025. As a result, SBI Mutual Fund now holds a total of 17,755,262 shares, or 7.9710%, of Hatsun Agro.
The increase in stake comes despite the company’s stock price facing a significant downtrend. Hatsun Agro’s share price has dropped by more than 18% over the past three months, with a 10% decrease in the past month alone. Over the past six months, the stock has fallen by over 23%, and in the past year, it has experienced a decline of more than 16%.
Prior to this recent purchase, SBI Mutual Fund had held a 7.3952% stake in the agro-dairy firm. In the September 2022 shareholding pattern, the mutual fund held only 5.6186% of Hatsun Agro, indicating its growing confidence in the company. The new shareholding pattern for the December quarter had already revealed an increase to 7.40%, with the current holding reflecting a further increase.
As of January 22, 2025, Hatsun Agro’s stock was trading at ₹920.95 per share on the Bombay Stock Exchange (BSE), down by 2.89%. The company, which specializes in dairy products such as milk, ice cream, and curd, has a market capitalization of ₹20,514 crore.
SBI Mutual Fund’s increasing stake in Hatsun Agro Product, despite the stock’s declining performance, suggests the fund’s long-term outlook for the agro-dairy sector, which continues to show promise despite short-term market volatility.
