Parag Milk Foods Achieves 52-Week High Amid Strong Market Performance and Recovery

Parag Milk Foods has made headlines today as its stock price reached a new 52-week high of Rs. 287.05, marking a significant milestone for the small-cap FMCG company. This achievement comes after a strong performance over the past four days, during which the stock has gained 8.98%. Notably, Parag Milk Foods has outperformed its sector by 2.67% today, reflecting its robust market position.
The stock's performance is further underscored by its trading status, as it is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its price movement. In contrast, the broader market, represented by the Sensex, is experiencing a slight decline, trading at 81,860.10, down 0.05% after a flat opening.

Over the past year, Parag Milk Foods has shown impressive growth, with a return of 54.07%, significantly outperforming the Sensex, which has seen a decline of 1.24%. The stock's 52-week low stands at Rs. 135.1, highlighting the substantial recovery it has made in the past year.