Share Market Today LIVE | This dairy stock has more than doubled investors’ money in a year; worth a look?
The stock performance of a Patiala-based dairy company is something worth noting. Incorporated in 1973, the company boasts state-of-the-art facilities and high-capacity machinery. While milk powders and pure ghee are its core products, it claims it also deals in high-end casein and demineralised whey powder. Whey powder (or sweet whey) is a by-product of cheese production, while casein is a type of protein found in milk that gives milk its white colour. Casein and whey powder are used in the production of chocolates, ice cream, health supplements, infant food, etc. Besides this, casein has some industrial uses too, like in knitting needles, cosmetics, pharmaceuticals, automobile paint, etc, the firm says.
Stock performance
Milkfood’s scrip has rallied 114 per cent from its 52-week low of Rs 286 hit on the BSE on May 17, 2022. However, it has slipped around 16 per cent from its 52-week high of Rs 728 touched on February 6, 2023. Read more
