Meanwhile, the S&P BSE Sensex was up 44.66 points, or 0.14% to 31,716.37.
On the BSE, 24,000 shares were traded in the counter so far, compared with average daily volumes of 64,347 shares in the past one quarter. The stock had hit a high of Rs 265.30 and a low of Rs 261.50 so far during the day. The stock hit a 52-week high of Rs 328 on 19 October 2016. The stock hit a 52-week low of Rs 203 on 16 February 2017.
The stock had outperformed the market over the past one month till 4 October 2017, rising 2.54% compared with 0.43% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 10.15% as against Sensex's 0.96% rise. The scrip had, however, underperformed the market in past one year, falling 16.66% as against Sensex's 12.23% rise.
The small-cap company has equity capital of Rs 84.11 crore. Face value per share is Rs 10.
The Reserve Bank of India notified after market hours yesterday, 4 October 2017, that the foreign investment limit for investment by foreign institutional investors (FIIs)/foreign portfolios investors (FPIs) in Parag Milk Foods has increased from 24% to 40% of its paid up capital.
Further, owing to the above increase in the above investment limit, it is notified that the aggregate shareholding by FIIs/FPIs in Parag Milk Foods has gone below the prescribed FIIs/FPIs investment limit for the company. Hence, the restrictions placed on the purchase of shares of the above company by FIIs/FPIs are withdrawn with immediate effect.
On a consolidated basis, net profit of Parag Milk Foods rose 3.03% to Rs 10.53 crore on 7.67% rise in net sales to Rs 412.88 crore in Q1 June 2017 over Q1 June 2016.
Parag Milk Foods manufactures a diverse range of milk products including cheese, ghee, fresh milk, skim milk powder, whole milk powder, paneer, an array of processed and natural cheese, cheese spreads, butter, dahi, dairy whitener and gulab jamun mix under the brand names of 'Gowardhan' and 'Go'.
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