01-01-1970 12:00 AM | Source: Angel Broking Ltd
Quote on Dodla Dairy Ltd by Mr. Amarjeet Maurya, Angel Broking Ltd
Below are Quote on Dodla Dairy Ltd by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
Dodla Dairy:
We expect decent listing gain in Dodla Dairy (DDL) on back of lower PE valuation 16.4x ( 9MFY21 annualised profit) compared to Parag Milk Foods (trading at 32.3x). Further, DDL has shown improvement in operating margin with an efficient working capital cycle. Going forward, we believe that DDL would perform better on the back of an increase in value added product mix. Thus, we recommend DDL to invest for a long term horizon.
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