Milkfood

Milkfood
Highlights

Milkfood Ltd is a very old and fairly known company that has not offered any exciting returns to its shareholders. It had reached a high of Rs 528.05 about three months before the markets reached their climax of the 2007-08 boom and then entered a downtrend even when the markets had still been rising.

Milkfood Ltd is a very old and fairly known company that has not offered any exciting returns to its shareholders. It had reached a high of Rs 528.05 about three months before the markets reached their climax of the 2007-08 boom and then entered a downtrend even when the markets had still been rising.

The downtrend has reached its final low of Rs 43.65 in December 2013, four months after the markets bottomed out in August 2013, before entering the latest unprecedented stock market boom.

The share further rose to a high of Rs 256.90 in April 2015, but before it could go up selling in the form of profit-booking compelled the share to halt and kept it under pressure but despite sustained selling pressure the share seems to have attempted to rise on the last day of trading which means that if the markets support, the share could go up, therefore, it is suggested for buying in small quantities for medium-term investing.

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