Parag Milk Foods has acquired the Danone Foods and Beverages India's manufacturing facility of Curd, Yogurt and other related products at Rai, Sonipat, Haryana near Delhi.
This acquisition would help expand the company's footprints in North India and strengthen company's fresh category distribution of Milk, Flavoured Milk, Buttermilk, Curd, Fresh Paneer and Yogurt in this region.
The stock had underperformed the market over the past one month till Apr. 18, 2018, falling 6.19% compared with the Sensex's 3.48% rise. It underperformed the market in past one quarter, declining 6.10% as against 2.63% fall in the Sensex.
Shares of the company gained Rs 9.90, or 3.63%, to trade at Rs 282.25. The total volume of shares traded was 48,620 at the BSE (9.42 a.m., Thursday).