BusinessPhoto: Mint MarketsMilky Mist Dairy Shares Surge 113% Since IPO, Nuvama Targets ₹330
Milky Mist Dairy Food shares have risen 113% from their IPO price, reaching ₹298.75 with a 5% daily increase. Nuvama initiated coverage with a Buy rating and set a target price of ₹330, citing growth in value-added dairy products, expansion beyond South India, and improving cash flows. They noted risks from market concentration and milk price volatility.
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