Parag Milk Foods Hits New 52-Week High of Rs. 363

Parag Milk Foods has reached a significant milestone by hitting a new 52-week high of Rs. 363 today, marking a notable increase of 15.55% during intraday trading. This achievement comes as the stock has outperformed its sector by 13.93%, reflecting strong momentum in the smallcap FMCG market. Over the past two days, Parag Milk Foods has shown impressive performance, gaining 14.21% in returns.
The stock opened with a gain of 2.5% today, indicating positive market sentiment. Additionally, Parag Milk Foods is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend in its price action.

In the broader market context, the Sensex has also shown positive movement, opening 367.54 points higher and trading at 84,388.30, just 1.07% away from its own 52-week high. The overall bullish sentiment in the market, particularly among mega-cap stocks, has contributed to the favorable conditions for Parag Milk Foods. Over the past year, the stock has delivered a remarkable 66.92% return, significantly outperforming the Sensex, which has gained 7.26%.