Ensure that your correct email id and mobile has been registered with moneycontrol. If not, please update your profile and secure the account now. Updating your email id and mobile number offers following benefits:
If someone tries to reset your password, you will be informed immediately
Only you will receive email & sms alerts relating to your stocks & overall portfolio
Opted-in market updates, news, research reports, will be delivered to you on-time
Shahina Mukadam, Independent Market Expert told CNBC-TV18, "There are better stocks available in the FMCG space and even in dairy compared to Prabhat Dairy . At the immediate level I wouldn’t be jumping in now. I would prefer to buy it at dips may be closer to the Rs 115-120 type of levels if you see a correction. The reason being simply that it is even at current levels very expensive; it is about 60 times price to earnings (P/E) FY17 earnings."
"Also if you see the margins, it is a very low margin business, EBITDA margin of about 4-5 percent. Even if they grow on a topline basis by 15-20 percent it will take a long time, another two years-three years for the valuations to start looking more attractive. I think at this it will be better if one gets it," she said.