Four years ago after my thorough research—which I can’t remember now—I decided to invest in Hatsun Agro. I knew very little of the company when I started investing in it, apart from that it was in the dairy industry. Overtime I learned that it has been in existence for 50 years and 20 mutual funds had invested in it.
I think the first time I bought Hatsun Agro, it was at its peak. Because I did not see any profits for a good two and a half years. It was only after the announcement of company giving bonus on Dec 2020 the share price started to move upward. I decided I will accumulate more and made the same mistake of buying the share at its peak the second and third time. The share price has been been in a correction mode for last six months and eroded a good chunk of my profits. For a fleeting moment—Oct 2021—I was kicking index funds behind before crashing and burning.
Hatsun Agro has been relatively consistent with its dividends—no complaints there—and my dividend yield at cost has improved to 1.1% after bonus issue.
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