Parag Milk Share Price Spikes after Raising Rs 161 Crore
Parag Milk Foods share price jumped over 9% on Thursday after the company announced raising funds worth ₹161 crore by way of preferential issue of convertible warrants. Parag Milk Foods shares rallied as much as 9.56% to ₹185.00 apiece on the BSE. The Board of Directors of Parag Milk Foods, at its meeting held on April 3, approved…
Dairy stocks sizzle as temperatures soar. Time to milk gains?
Concerns over milk shortages amid soaring temperatures, when peak summer demand has just started to kick in, have given a fillip to dairy stocks over the last one month. Shares of Heritage Foods have rallied 23% while those of Parag Milk are up 10% in anticipation of further price hikes, which could boost the margins…
Dairy stocks rally up to 7% in volatile market; here’s why
Shares of dairy companies such as Umang Dairies, Parag Milk Foods, Dodla Dairy, Heritage Foods, and Hatsun Agro surged up to 7% on Tuesday after Mother Dairy hiked milk prices. Mother Dairy, one of the major suppliers of milk in Delhi-NCR, has increased milk prices by ₹2 per litre, effective from today, citing a rise in…