India, Nov. 4 -- Shares in Parag Milk Foods saw a sharp rally today after reporting a strong increase in quarterly revenues and positive improvements in operating profitability. Investors have been paying attention to the company's increased focus on higher value dairy products, sports nutrition and added value businesses to see how they will help generate more sustainable earnings growth.

With a market capitalization of Rs. 3,499.48 crore, the shares of Parag Milk Foods Ltd were trading at Rs. 278.60 per share, up 11.64% from its previous closing price of Rs. 249.55 apiece. The stock trades at a P/E of 27.8x on a consolidated basis. The stock touched an intraday high of Rs.282.50, up 13.20%.Q2 FY27 Financial Performance Parag Milk Food...