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Amul price hike: What does this mean for dairy-related stocks?

The price hike may spark a bullish rally in dairy-related stocks like Hatsun Agro Product, Heritage Foods and Parag Milk Foods indicate charts.

Topics
Amul Dairy | Hatsun Agro Product | Heritage Foods

Avdhut Bagkar  |  Mumbai 

Shares of dairy products were trading with substantial gains in the morning session on Wednesday. The Heritage Foods surged 2.50 per cent, while Hatsun Agro Product added 1.25 per cent. The India’s largest producer of dairy products, Gujarat Cooperative Milk Marketing Federation, owner of Amul brand, announced a hike in milk price by Rs 2 per litre on Tuesday.

The price hike translates into a 4 per cent hike on MRP. And this is the second price hike in the last 8 months, earlier was in July 2021. The price increase could trigger a similar move by competing dairy companies in the ...

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Read our full coverage on Amul Dairy
First Published: Wed, March 02 2022. 12:09 IST
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