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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-04-04||Umang Dairies Ltd.||Rudra Shares and Stock Brokers Ltd||80.65||100.00||80.65 (-47.12%)||Buy|
Rudra Shares and Stock Brokers Ltd
Become a significant player in Dairy & Foods space Besides modernization of Plant and R&D; facilities, Company is planning to expand production facility of Drying Plant from present 4.5 lac litres per day to 5.5 lac litres per day. The Company is planning to invest resources behind expanding distribution of the recently launched products, cow ghee, canned paneer, UHT Milk to gain critical volumes and gain Market Share. Company is also working on a slew of new value added products which are in various stages of development at the R&D.; These products will also improve the gross margin profile of the company, going forward. Company kept investing behind retail distribution expansion and up-gradation of distribution infrastructure as well as manpower to help gain significant volumes in consumer products. It has also launched 3 new products and tested waters in North East & North...