Parag Milk Foods Hits New 52-Week High of Rs. 331

Parag Milk Foods has reached a significant milestone by hitting a new 52-week high of Rs. 331 today, marking a notable achievement for the small-cap FMCG company. This new high reflects a 4.9% increase from the previous day's closing price, showcasing the stock's strong performance in the current market environment.
Despite opening the day with a loss of 2.31%, Parag Milk Foods managed to outperform its sector by 1.04%, indicating resilience amid broader market fluctuations. The stock's intraday low was recorded at Rs. 308.25, but it quickly rebounded to achieve the new high.

In terms of moving averages, Parag Milk Foods is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement over various time frames. Over the past year, the stock has delivered an impressive performance, gaining 54.66%, significantly outpacing the Sensex, which has seen a rise of only 3.82%. This performance underscores Parag Milk Foods' strong position in the market as it continues to navigate the competitive FMCG landscape.