Shares of Prabhat Dairy settled at Rs 116.35 on BSE, a premium of 1.17% over the issue price of Rs 115 on its debut on the bourses today, 21 September 2015.
Meanwhile, the BSE Sensex fell 25.93 points, or 0.1%, to 26,192.98.
Shares of Prabhat Dairy got listed at Rs 115, with the price unchanged compared to the issue price of Rs 115. The stock hit a high of Rs 120 and a low of Rs 112.40.
On BSE, 22.25 lakh shares were traded on the counter.
On consolidated basis, Prabhat Dairy's net profit rose 1.29% to Rs 21.05 crore on 16.81% growth in net sales to Rs 1000.77 crore in the year ended 31 March 2015 (FY 2015) over the year ended 31 March 2014 (FY 2014).
Promoted by Sarangdhar Ramchandra Nirmal, Vivek Sarangdhar Nirmal and Nirmal Family Trust, Prabhat Dairy is an integrated milk and dairy products company in India, catering to institutional as well as retail customers. The company produces and sells a range of pasteurized milk and other dairy products to retail customers under the Prabhat, Flava and Milk Magic brands.
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