Prag Milk Foods share price forecast using latest news

Prag Milk Foods share price forecast
prag milk foods share price forecast

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Share price of Prag maik foods is trading flat in today trading, down by 0.35p loss of 0.25% at Rs.255.65 at NSE at 09:33 am. Parag Milk Foods, leading manufacturers, and marketers of dairy-based branded foods in India ranked No.1 in Fortune India’. The Next 500 mid sized companies from being ranked 67 the last year. Click here to see complete report.

Edelweiss Predict Prag Milk Food share price around Rs. 276

As per report published on 18th September 2019 Edelweiss securities forecast Prag Milk Food price target around Rs .276. Company has also posted its Q3 results ended 30-06-2019, it has reported consolidated sales of Rs 629.74 cr with a fall of -6.31% from its last quarter sales of Rs. 672.15cr. Company has reported net profit of Rs. 27.51 cr.

Prag Milk Foods is an Indian company that manufacture, market and sells milk and milk products. Prag is India`s second largest producer of cheese and largest producer of cow ghee under its brand name “Govardhan”. Devendra Shah is the current Chairman of the company. As of year 2017 Parag daily procurement of milk was 1.2 million litres.

Share price of Parag Milk Food on 18th October 2019 closed with a gain of 2.31% at Rs. 156.90 up by Rs.3.55. Stock opened 154.65, touched high 160 and low 154 previous close 153.35. Stock 52 weeks high 279 and 52 weeks low 130.75. Total market cap 13.17, has a PE ration at 10.93.