Prabhat Dairy hogs the lime-light as DSP BlackRock invests in the shares
DSP BlackRock Mutual Fund, through DSP BlackRock Micro Cap Fund has bought 2.85 million shares in Prabhat Dairy at a price of Rs 129.99 per share. The transaction took place through a bulk deal on NSE on Tuesday.
The stock on February 7, 2017 traded on its new 52-week high and witnessed a spurt in volume by more than 4.81 times. In the last one year, the stock has surged by 11.43%.
Prabhat Dairy produces milk and milk products in India. It processes and offers skimmed milk powder, sweetened condensed milk, whole milk powder, concentrated milk, cow ghee, dairy whitener and pasteurised milk in poly pouches.
Prabhat Dairy Ltd is currently trading at Rs 135.5, up by Rs 2.5 or 1.88% from its previous closing of Rs 133 on the BSE.
The scrip opened at Rs 133.1 and has touched a high and low of Rs 136.8 and Rs 132.5 respectively. So far 144870(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1299.09 crore.
The BSE group ‘B’ stock of face value Rs 10 has touched a 52 week high of Rs 137.8 on 07-Feb-2017 and a 52 week low of Rs 72 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs 137.8 and Rs 108.9 respectively.
The promoters holding in the company stood at 44.37 % while Institutions and Non-Institutions held 5.7 % and 49.94 % respectively.
The stock is currently trading above its 100 DMA.