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 […]