Parag Milk Foods shines on launching ‘Pride of Cows Curd’

Parag Milk Foods Ltd. | Consumer Food | FMCG | BSE: 539889 | NSE: PARAGMILK

14 Aug 2020 Evaluate

Parag Milk Foods is currently trading at Rs. 107.75, up by 3.45 points or 3.31% from its previous closing of Rs. 104.30 on the BSE.

The scrip opened at Rs. 105.15 and has touched a high and low of Rs. 111.70 and Rs. 105.15 respectively. So far 162026 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 24-Sep-2019 and a 52 week low of Rs. 48.50 on 19-Mar-2020.

Last one week high and low of the scrip stood at Rs. 111.70 and Rs. 91.60 respectively. The current market cap of the company is Rs. 916.85 crore.

The promoters holding in the company stood at 46.20%, while Institutions and Non-Institutions held 19.51% and 34.08% respectively.

Parag Milk Foods has launched Pride of Cows Curd, Full of Love. Pride of Cows Curd is made from pure Pride of Cows milk which is unmatched in its quality and freshness, and is derived from the Company’s own farm. The curd will be delivered to the consumer’s doorstep through a completely contact-free process that involves a full automated milking and production system and a cold chain network that maintains a constant temperature throughout in order to retain the curd’s flavor and aroma.

Pride of Cows Curd has a thick and creamy texture, and is high in nutrients such as protein and calcium. Given that it is made from POC milk, a first-of-its kind superior, farm-to-home milk, it caters to consumers who believe in consuming healthy and nutritious products that are natural and pure.

Parag Milk Foods, established in 1992, is the largest private dairy FMCG company with a pan India presence.