You are here: Home » News-CM » Equities » Hot Pursuit

Parag Milk Foods drops as India Opportunities Growth Fund offloads shares

Parag Milk Foods lost 3.75% to Rs 304 at 14:51 on after Opportunities Growth Fund -Pinewood Strategy sold 15 lakh shares of the company at an average price of Rs 312.87 per share in a bulk deal on yesterday, 22 September 2016.

Meanwhile, the S&P Sensex was down 68.72 points, or 0.24%, to 28,704.41

On BSE, so far 1.32 lakh shares were traded in the counter, compared with average daily volume of 81,700 shares in the past one quarter. The stock hit a high of Rs 316.60 and a low of Rs 303.20 so far during the day. The stock hit a record high of Rs 356.70 on 13 July 2016. The stock hit a record low of Rs 202.10 on 13 July 2016. The stock had underperformed the market over the past 30 days till 22 September 2016, rising 0.16% compared with 2.54% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 21.76% as against Sensex's 9% rise.

The small-cap company has an equity capital of Rs 84.11 crore. Face value per share is Rs 10.

Opportunities Growth Fund - Pinewood Strategy owned 18.58 lakh shares or 2.2% stake in Parag Milk Foods as at end 30 June 2016.

Parag Milk Foods' consolidated net profit rose 53.91% to Rs 10.82 crore on 2.59% rise in net sales to Rs 383.47 crore in Q1 June 2016 over Q1 June 2015.

Parag Milk Foods manufactures a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22
Business Standard

Parag Milk Foods drops as India Opportunities Growth Fund offloads shares

Capital Market 

Parag Milk Foods lost 3.75% to Rs 304 at 14:51 on after Opportunities Growth Fund -Pinewood Strategy sold 15 lakh shares of the company at an average price of Rs 312.87 per share in a bulk deal on yesterday, 22 September 2016.

Meanwhile, the S&P Sensex was down 68.72 points, or 0.24%, to 28,704.41

On BSE, so far 1.32 lakh shares were traded in the counter, compared with average daily volume of 81,700 shares in the past one quarter. The stock hit a high of Rs 316.60 and a low of Rs 303.20 so far during the day. The stock hit a record high of Rs 356.70 on 13 July 2016. The stock hit a record low of Rs 202.10 on 13 July 2016. The stock had underperformed the market over the past 30 days till 22 September 2016, rising 0.16% compared with 2.54% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 21.76% as against Sensex's 9% rise.

The small-cap company has an equity capital of Rs 84.11 crore. Face value per share is Rs 10.

Opportunities Growth Fund - Pinewood Strategy owned 18.58 lakh shares or 2.2% stake in Parag Milk Foods as at end 30 June 2016.

Parag Milk Foods' consolidated net profit rose 53.91% to Rs 10.82 crore on 2.59% rise in net sales to Rs 383.47 crore in Q1 June 2016 over Q1 June 2015.

Parag Milk Foods manufactures a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Parag Milk Foods drops as India Opportunities Growth Fund offloads shares

Parag Milk Foods lost 3.75% to Rs 304 at 14:51 IST on BSE after India Opportunities Growth Fund -Pinewood Strategy sold 15 lakh shares of the company at an average price of Rs 312.87 per share in a bulk deal on NSE yesterday, 22 September 2016.

Parag Milk Foods lost 3.75% to Rs 304 at 14:51 on after Opportunities Growth Fund -Pinewood Strategy sold 15 lakh shares of the company at an average price of Rs 312.87 per share in a bulk deal on yesterday, 22 September 2016.

Meanwhile, the S&P Sensex was down 68.72 points, or 0.24%, to 28,704.41

On BSE, so far 1.32 lakh shares were traded in the counter, compared with average daily volume of 81,700 shares in the past one quarter. The stock hit a high of Rs 316.60 and a low of Rs 303.20 so far during the day. The stock hit a record high of Rs 356.70 on 13 July 2016. The stock hit a record low of Rs 202.10 on 13 July 2016. The stock had underperformed the market over the past 30 days till 22 September 2016, rising 0.16% compared with 2.54% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 21.76% as against Sensex's 9% rise.

The small-cap company has an equity capital of Rs 84.11 crore. Face value per share is Rs 10.

Opportunities Growth Fund - Pinewood Strategy owned 18.58 lakh shares or 2.2% stake in Parag Milk Foods as at end 30 June 2016.

Parag Milk Foods' consolidated net profit rose 53.91% to Rs 10.82 crore on 2.59% rise in net sales to Rs 383.47 crore in Q1 June 2016 over Q1 June 2015.

Parag Milk Foods manufactures a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard