Parag Milk Foods Hits New 52-Week High of Rs. 331
Parag Milk Foods has achieved a new 52-week high of Rs. 331, reflecting strong market performance. Despite an initial loss, the stock rebounded and is trading above multiple moving averages. Over the past year, it has shown significant growth, outperforming the Sensex considerably.
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 its previous trading session, showcasing the stock's strong performance in the market.Despite opening the day with a loss of 2.31%, Parag Milk Foods managed to outperform its sector by 1.04%. The stock's intraday low was recorded at Rs. 308.25, but it quickly rebounded to achieve this new peak. Notably, Parag Milk Foods is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend in its price performance.
Over the past year, Parag Milk Foods has demonstrated impressive growth, with a performance increase of 54.66%, significantly outpacing the Sensex, which has risen by only 3.82% during the same period. The stock's previous 52-week low was Rs. 135.1, highlighting the substantial recovery and growth it has experienced.
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