Hatsun Agro Product plunged on Thursday after it disclosed a steep drop in standalone net profit for the quarter ended March 2014. 

During the quarter, the profit of the company declined 34.12% to Rs 40.07 million from Rs 60.82 million in the same quarter last year.

Net sales for the quarter rose 7.70% to Rs 6,437.18 million, compared with Rs 5,977 million for the prior year period.

Shares of the company are trading at Rs 260, down Rs 10.1, or 3.74% at the Bombay Stock Exchange (BSE) on Thursday at 11:41 a.m.

The scrip has touched an intra-day high of Rs 264 and low of Rs 225.65. The total volume of shares traded at the BSE is 25,168.

In the earlier session, the shares declined 0.5%, or Rs 1.35, at Rs 270.10. Currently, the stock is trading down 20% from its 52-week high of Rs 325 and above 147.62% over the 52-week low of Rs 105.