Parag Milk Foods Ltd
PARAGMILK

221.75

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221.55

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Buy
Reco. Price
Rs 211.50
We recommend BUY on expectations that launches in high margin value added products will aid top-line. Also, capacity expansion of cheese plant by FY18E will help cater to new markets. Stock is currently trading at attractive valuation of 14.5x P/E on FY18E earnings. (Target Price – Rs.235)
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50 DMA (.)
260.04
100 DMA (.)
275.82
200 DMA (.)
0.00
Weekly Range (.)
210.00
228.00
Monthly Range (.)
202.00
290.60
52 Weeks Range (.)
201.75
357.00
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