India's Dodla Dairy rises after Investec initiates with 'buy', Street-high PT

Dodla Dairy

15/04/2024 10:25

** Shares of milk producer Dodla Dairy  DODL.NS  up as much
as 3.4% at 916.40 rupees
    ** Investec initiated coverage on Indian dairy firms DODL,
Hatsun Agro  HAPL.NS , Heritage Foods  HEFI.NS  and Parag Milk
Foods  PAMF.NS , picks DODL as the most preferred stock 
    ** Brokerage expects DODL to outshine its peers in various
aspects including robust core business, effective capital
utilization and reasonable valuations
    ** Rates DODL at "buy" with Street-high PT of 1,400 rupees -
LSEG
    ** Meanwhile, Investec's ratings on HEFI and PAMF also at
"buy"; HAPL rated "sell"
    ** DODL only stock among major dairy firms with YTD gains,
HEFI, PAMF and HAPL all post YTD losses between 1.1% and 12.5%
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))