HMA Agro shares surge over 7 per cent even in weak stock market: Check details

The 30-share BSE benchmark Sensex dropped 639.13 points to 76,775.79 in early trade. The NSE Nifty declined 180.25 points to 23,339.10.

Shares of HMA Agro Industries, an exporter of frozen meat, jumped over 7 per cent on Tuesday, April 1, 2025. The stock has gained even as the Indian stock market declined. While the Sensex has slumped over 1,200 points and Nifty 50 has fallen over 300 points.

The stock started today’s session at a 52-week low of Rs 27.54 but bounced back to touch the high of Rs 30.09 – a gain of 7.31 per cent from the previous close of 28.04 on the BSE. Last seen, it was trading at Rs 29.29.

The counter has a 52-week high of Rs 72.01 and a 52-week low of Rs 27.54. The market cap of the company is Rs 1,467.76 crore.

The stock has gained after five days of consecutive fall. However, the scrip is trading lower than 5-day, 20-day, 50-day, 100-day and 200-day moving averages.

The stock has gained as the company has informed exchanges that that credit rating agency Care Ratings has assigned ‘CARE A2+’ rating to the short-term bank facilities of the company worth Rs 850 crore.

Securities with this rating are considered to have a strong degree of safety regarding the timely payment of financial obligations.

Meanwhile, equity benchmark indices slumped in early trade on Tuesday dragged by IT stocks amid uncertainty about Trump reciprocal tariffs.

The 30-share BSE benchmark Sensex dropped 639.13 points to 76,775.79 in early trade. The NSE Nifty declined 180.25 points to 23,339.10.

From the Sensex pack, Infosys, Tata Consultancy Services, Bajaj Finance, HDFC Bank, Axis Bank, Bajaj Finserv, HCL Tech, and Maruti were among the biggest laggards.

Among the gainers, IndusInd Bank jumped nearly 5 per cent.

Power Grid, Bharti Airtel, Mahindra & Mahindra, Adani Ports, Nestle and NTPC were also trading in the positive territory.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the positive territory.

US markets ended mostly higher on Monday.

President Donald Trump plans to roll out a set of reciprocal tariffs on April 2, which he says will be “Liberation Day” for the US.

“Globally markets are focused on the details of Trump’s reciprocal tariffs to be announced tomorrow. The market trends after the announcements will depend on the details of the tariffs and how they will impact different countries and sectors,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.