business π₯ Milky Mist stock hits 10% circuit after listing
Milky Mist Dairy Food shares saw a massive debut, hitting a 10% upper circuit on Tuesday. The stock listed on BSE and NSE at Rs 165.00, which was a 17.85% premium to the issue price of Rs 140 per share. This strong performance followed an IPO that was better than street estimates, with a pre-listing GMP of nearly Rs 20 per share. While the business has strong fundamentals, some analysts advise caution due to high valuations, suggesting a 'Hold' strategy. Other firms maintain a 'Buy' rating, pointing to the company's leading position in value-added dairy products. π₯