Parag Milk higher by 7 per cent on tie-up with Taj Group
DSIJ Intelligence / 11 Dec 2017
The share price of Parag Milk Foods surged by over 7 per cent on the bourses in the intraday trade on Monday, following the announcement of the company’s tie up with the hospitality major Taj Group.
The share price of Parag Milk Foods surged by over 7 per cent on the bourses in the intraday trade on Monday, following the announcement of the company’s tie up with the hospitality major Taj Group.
The company has collaborated with Taj Group in order to supply the company products on International Flights, according to its filing on BSE. The tie-up will enable the company to expand its customer base outside India, amongst the international customers.
The share price of the company hit an intraday high of Rs. 262.95 per share, higher by 7.22 per cent and an intraday low of Rs. 246 per share on BSE on Monday. The stock had hit its 52-week high of Rs. 292 per share on February 29, 2017 and its 52-week low of Rs. 203 per share on February 16, 2017, respectively.
At 12:25 hours, the stock was trading at Rs. 261.90 per share, higher by 7.20 per cent on BSE on Monday. Meanwhile, S&P BSE Sensex was trading at 33,341.12 level, higher by 0.27 per cent and NSE Nifty50 was trading at 10,290.85 level, higher by 0.25 per cent.
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