Stocks of AC makers, dairy firms may sizzle amidst heat-wave warning
With the Met Department warning of an intense heatwave across the country for the next three months, brokerages and analysts are betting big on air-conditioner (AC) makers, dairy companies and consumer durables, especially fan manufacturers. Avinash Kumar, Research Analyst, LKP Securities, told businessline, “Demand for ACs seems good as the average temperature is moving up […]
Milk prices are falling because of adulteration in Maharashtra?
Distantmers who have been affected by climate change are now facing plummeting prices of agricultural produce. In addition, the main milk business for the farmers is also betrayed and the price of milk directly dropped from 34 rupees per liter to 25 to 26 rupees per liter. While there is a shortage of water and fodder in […]
Flush season ahead for these three dairy stocks say analysts
Source: IANS Dairy demand is seeing an uptick as procurement prices are coming down, leading to margin expansion, say analysts. As spending power increases, demand for other value added products like ice creams, paneer, cheese and whey are growing. Arihant Capital says that there is huge upside in stocks like Parag Milk Foods, Dodla Dairy […]
Dodla Dairy Q1: Net profit rises 40.32% to Rs 34.97 crore, revenue up 14.84%
Dodla Dairy reported a consolidated net profit of Rs 34.97 crore for the quarter ended June, up 40.32 percent from Rs 24.92 crore in the year- ago period. On July 21, the company reported a 14.84 percent YoY (year-on-year) rise in consolidated revenue from operations at Rs 823.42 crore against Rs 716.99 crore a year ago. […]
Dairy stocks sizzle as temperatures soar. Time to milk gains?
Concerns over milk shortages amid soaring temperatures, when peak summer demand has just started to kick in, have given a fillip to dairy stocks over the last one month. Shares of Heritage Foods have rallied 23% while those of Parag Milk are up 10% in anticipation of further price hikes, which could boost the margins […]
Milk prices may continue to rise until Diwali says RS Sodhi
On the day Amul hiked milk prices, RS Sodhi, the former managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF) which owns the Amul brand and president of the Indian Dairy Association, told CNBC-TV18 that he believes costs will continue to rise until Diwali this year. He said he expects milk production to start increasing again by winter. […]
DAIRY NEWS Top dairy industry stock picks as per ICICI securities report
ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in June’22, wholesale milk prices jumped 5.8 per cent year on year in India. ICICI Securities has analysed the dairy sector, expecting milk inflation to continue high in FY23. The brokerage has highlighted that in […]
Seven listed dairy stocks almost doubled their investor’s wealth 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 […]
