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

Parag Milk Foods has made headlines today as its stock price reached a new 52-week high of Rs. 283, marking a significant milestone for the small-cap FMCG company. This achievement comes after a strong performance over the past three days, during which the stock has gained 7.85%. Notably, Parag Milk Foods has outperformed its sector by 4.82% today, indicating robust market activity.
The stock's intraday high of Rs. 283 reflects a 4.2% increase, showcasing its upward momentum. Additionally, 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 performance.

In the broader market context, the Sensex opened higher at 81,758.95, gaining 210.22 points, and is currently trading at 81,649.19. The mid-cap segment is leading the market, with the BSE Mid Cap index up by 0.27%. Over the past year, Parag Milk Foods has delivered a remarkable return of 50.36%, significantly outperforming the Sensex, which has seen a decline of 1.58%. The stock's 52-week low stands at Rs. 135.1, highlighting its substantial recovery.