Quote on Dodla Dairy Ltd by Mr. Amarjeet Maurya, Angel Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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.
Above views are of the author and not of the website kindly read disclaimer
