Parag Milk Foods jumps on the BSE
Parag Milk Foods is currently trading at Rs 203.45, up by 5.05 points or 2.55% from its previous closing of Rs 198.40 on the BSE.
The scrip opened at Rs 199.45 and has touched a high and low of Rs 211.00 and Rs 198.10 respectively. So far 151532 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52-week high of Rs 236.75 on 14-Oct-2024 and a 52-week low of Rs 135.10 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs 213.15 and Rs 179.05 respectively. The current market cap of the company is Rs 2430.49 crore.
The promoters holding in the company stood at 42.61%, while Institutions and Non-Institutions held 15.30% and 42.09% respectively.
Parag Milk Foods has executed a sale deed with Rajat & Company Commodities for sale of its Sonipat Unit located at Plot No. 2266-2268, Food Park, Phase-2, HSIIDC Industrial Estate-Rai, Sonipat, Haryana (Sonipat Unit), on May 7, 2025 for monetization of assets. Size of agreement is Rs 17.11 crore.
Further, the sale of the Sonipat Unit does not constitute as an undertaking or substantially the whole of the undertaking for the Company in terms of section 180(1)(a) of the Companies Act, 2013.
Parag Milk Foods is engaged in the business of procurement of cow milk mainly in western and southern region, undertakes processing of milk and manufacture of various value added products namely cheese, butter, ghee, fresh cream, milk powder, flavoured milk, lassi, curd etc. which are marketed under its registered brand name ‘Gowardhan’, ‘Go’, ‘Topp up’ and ‘Avvatar’.
