Parag Milk Foods is currently trading at Rs. 116.70, up by 0.40 points or 0.34% from its previous closing of Rs. 116.30 on the BSE.
The scrip opened at Rs. 116.30 and has touched a high and low of Rs. 121.00 and Rs. 113.75 respectively. So far 169948 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.85 on 12-Nov-2021 and a 52 week low of Rs. 94.00 on 25-Mar-2021.
Last one week high and low of the scrip stood at Rs. 127.20 and Rs. 113.75 respectively. The current market cap of the company is Rs. 1115.90 crore.
The promoters holding in the company stood at 40.75%, while Institutions and Non-Institutions held 20.15% and 39.10% respectively.
Parag Milk Foods has received approval of the application made under the Product Linked Incentive (PLI) Scheme -- category 1 Mozzarella Cheese Segment. The PLI Scheme is based on the strategy of ‘Atmanirbhar Bharat- Strategies for enhancing India’s manufacturing capabilities and enhancing exports in ten sectors’, which had been approved by the Union Cabinet on February 24, 2021.
The scheme will encourage investment in four food segments: Ready to Cook/ Ready to Eat (RTC/RTE), including millet-based foods, processed fruits and vegetables, marine products, mozzarella cheese. The objective of the scheme is to support the creation of global food manufacturing champions; support Indian brands of value-added food products in the international markets; increase employment opportunities for off-farm jobs and ensure remunerative prices of farm produce and higher income to farmers.
Parag Milk Foods, established in 1992, is the largest private dairy FMCG company with a pan India presence.
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