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Quote on IPO Book Profits Dodla Dairy by Mr. Amarjeet Maurya, Angel Broking Ltd
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Below are Quote on IPO Book Profits Dodla Dairy by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
Dodla Dairy Limited (DDL) was incorporated on May 15 1995 at Hyderabad. The company sell fresh milk, ghee, butter, curd, paneer, gulab jamun, doodh peda, basundhi and junnu, which are targeted at consumption at home. They sell UHT milk, flavoured milk, ice cream and beverages such as buttermilk
We had recommended SUBSCRIBE on the Dodla Dairy IPO. The stock is up ~41% from the higher end of the price band. At CMP of Rs 605, the stock is trading at 23.2x PE ( 9MFY21 annualised profit ) which leaves little room for upside. Hence, we recommend to book profits.
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