SBI Mutual Fund Increases Stake in Hatsun Agro Product

SBI Mutual Fund's Increased Shareholding

In a strategic move this January, SBI Mutual Fund has increased its stake in Hatsun Agro Product to nearly 8%. According to a stock exchange filing, the fund purchased 12,82,661 shares, representing 0.5758% of the paid-up share capital on January 20, 2025. This purchase brought SBI Mutual Fund's holding to 17,755,262 shares, or 7.9710% of the company's total equity.

Historical Shareholding Overview

SBI Mutual Fund has been systematically increasing its shareholding in Hatsun Agro Product. As of September 2022, the fund held a 5.6186% stake, which rose to 7.40% by December 2024, highlighting a consistent investment approach towards the dairy company.

Hatsun Agro Product's Market Performance

Despite the increased investment from SBI Mutual Fund, Hatsun Agro Product's stock has been struggling. Over the past year, the stock price has seen significant declines: 10% over the last month, more than 18% in three months, and over 23% in the past six months. As of 2:00 PM on the most recent trading day, shares were down 2.89% at ₹920.95 each on the BSE, with a market capitalization of ₹20,514 crore.