DAM Capital initiates Milky Mist with buy rating and 25% upside
In short
DAM Capital gave Milky Mist Dairy Food its first 'buy' rating on listing day and said the shares could rise 25% from there. The note said Milky Mist is India’s only pure-play value-added dairy company of scale and has almost all of its portfolio in value-added products. A rating like this is an analyst opinion on a stock’s prospects, not a guaranteed outcome.
What the reporting says
DAM Capital initiated coverage on Milky Mist Dairy Food with a first 'buy' rating on listing day, saying the stock has 25% upside. The broker described Milky Mist as India’s only pure-play value-added dairy company of scale, with an almost 100% value-added portfolio across more than 20 categories.
Why it matters
DAM Capital’s bullish note came as Milky Mist Dairy Food listed, highlighting its scale in value-added dairy products such as paneer, cheese, curd, yoghurt, butter, ghee and ice cream. The report positions the company as a differentiated listed dairy play, which may matter to investors comparing it with peers.