Parag Milk stock dips 2%

Parag Milk Foods stock slipped 3% after prominent investor Ashish Kacholia reduced stake in the company below 1% in the 3-month period ended September.

Kacholia pared his stake below 1% from 2.02% in April-June, shareholding data of the company showed.

The stock is currently trading at Rs 256, down by Rs 5.95 or 2.27% from its previous closing of Rs 261.95 on the BSE.

The scrip opened at Rs 261.95 and has touched a high and low of Rs 264.25 and Rs 254.9 respectively. The stock is currently trading above its 50 DMA.

The shares of Parag Milk Foods, however, have risen 13.8% in the quarter ended September.

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