Dairy stocks surge during covid

The whole world is facing the wrath of Covid-pandemic since early this year. Most businesses were shut down during the lock down and have not been in a position to recover till now. During the same period, essential products witness higher demand. Milk and milk products emerged as the least impacted sector during the pandemic at domestic consumption levels.

Money control did a crisp analysis on dairy product companies’ share price performance during this pandemic. Most dairy companies have given a reasonable return and seven companies on this list have given a remarkable 50 percent plus return from March 23 till now . (Data Source: ACE Equity)

Modern Dairies share price has risen 113 percent in the last four months. The share price on July 27 was Rs 4.05. On March 23, it was Rs 1.90.

Kwality share price has surged 106 percent in the last four months. The share price on July 27 was Rs 3.24. On March 23, it was Rs 1.57. The interesting part is that this company is under NCLT and not fully operational.

Heritage Foods share price has gone up 72 percent in the last four months. The share price on July 27 was Rs 293.50 and on March 23, it was Rs 170.35.

Parag Milk Foods share price has increased by 68 percent in the last four months. The share price on July 27 was Rs 88.40. It was Rs 52.65 on March 23.

Hindustan Foods share price has risen by 64 percent in the last four months. The share price on July 27 was Rs 705.25 and Rs 429.10 on March 23.

Hatsun Agro Products’ share price has gone up 64 percent in the last four months. The share price on July 27 was Rs 674.30 and on March 23, it was Rs 412.20.

Vadilal Industries’ share price has gone up by 48 percent in the last four months. The share price on July 27 was Rs 627.30 and Rs 423.75 on March 23.