Parag Milk Foods Ltd
PARAGMILK

245.45

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Turnover (lac)
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249.00

Open ()
Turnover (lac)
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Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 248.00
We recommend ACCUMULATE 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. The Stock is trading at valuation of 37x P/E on FY18E earnings. (Target Price – Rs.263)
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50 DMA (.)
233.95
100 DMA (.)
249.60
200 DMA (.)
280.73
Weekly Range (.)
242.55
254.90
Monthly Range (.)
217.15
254.90
52 Weeks Range (.)
201.75
357.00
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