Update on call on Parag Milk. Stock price cut deep as the company reports loss in Q3. Stock was a buy recommendation on 8th Feb 2017.
Results has played a spoiler for the stock. The company has posted a loss in Q3.
However the numbers does not look bad. The company has posted loss due to advertisement cost and increased raw material cost (Cost of milk has gone up 10-20% in the quarter).
If you were not able to exit the stock. Add few share at 220. With a target of 265. 3 months. SL 204.
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