KR Choksey is bullish on Parag Milk Foods has recommended buy rating on the stock with a target price of Rs 264 in its research report dated February 15, 2017.
KR Choksey's research report on Parag Milk Foods
We believe it would be stable in an around six months. We are cutting our target price from INR 329 to INR 264 with assigning multiple of 28x to FY19E EPS of INR 9.4 we recommend “BUY” rating on the stock with the target price of INR 264, with potential upside of 24.0%.
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