Parag Milk Foods announced that the Board of Directors of the Company at its meeting held on 29 June 2020, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Net profit of Parag Milk Foods declined 67.69% to Rs 10.11 crore in the quarter ended March 2020 as against Rs 31.29 crore during the previous quarter ended March 2019. Sales declined 20.37% to Rs 535.23 crore in the quarter ended March 2020 as against Rs 672.15 crore during the previous quarter ended March 2019.

For the full year,net profit declined 22.39% to Rs 93.69 crore in the year ended March 2020 as against Rs 120.72 crore during the previous year ended March 2019. Sales rose 1.76% to Rs 2437.92 crore in the year ended March 2020 as against Rs 2395.66 crore during the previous year ended March 2019.

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Parag Milk Foods will hold a meeting of the Board of Directors of the Company on 29 June 2020.

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Shilpa Medicare Ltd, Solar Industries India Ltd, India Tourism Development Corporation Ltd, Caplin Point Laboratories Ltd are among the other stocks to see a surge in volumes on NSE today, 10 June 2020.

Parag Milk Foods Ltd clocked volume of 30.15 lakh shares by 14:19 IST on NSE, a 12.6 times surge over two-week average daily volume of 2.39 lakh shares. The stock gained 9.98% to Rs.96.95. Volumes stood at 3.12 lakh shares in the last session.

Shilpa Medicare Ltd recorded volume of 9.55 lakh shares by 14:19 IST on NSE, a 8.85 times surge over two-week average daily volume of 1.08 lakh shares. The stock gained 3.31% to Rs.556.95. Volumes stood at 3.77 lakh shares in the last session.

Solar Industries India Ltd recorded volume of 1.66 lakh shares by 14:19 IST on NSE, a 6.97 times surge over two-week average daily volume of 23780 shares. The stock gained 4.41% to Rs.977.00. Volumes stood at 48887 shares in the last session.

India Tourism Development Corporation Ltd notched up volume of 4.13 lakh shares by 14:19 IST on NSE, a 6.52 fold spurt over two-week average daily volume of 63352 shares. The stock slipped 2.74% to Rs.220.40. Volumes stood at 76782 shares in the last session.

Caplin Point Laboratories Ltd recorded volume of 5.4 lakh shares by 14:19 IST on NSE, a 5.12 times surge over two-week average daily volume of 1.05 lakh shares. The stock gained 12.99% to Rs.369.70. Volumes stood at 88958 shares in the last session.

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