Top stock picks to watch from the dairy industry by ICICI Securities
ICICI Securities has analyzed the dairy industry, expecting milk inflation to continue at a high level in fiscal year 23. The brokerage firm emphasized that in June 2222, wholesale milk prices had increased by 5.8% compared to the previous year. same period last year in India. Milk prices in South India are up 3.4% year-on-year, while global SMP prices have increased significantly year-on-year, they are up 26.3% year-on-year and 3% month-on-month. ICICI Securities has assigned a BUY rating to Heritage Foods, Dodla Dairy and a HOLD rating to Hatsun Agro and Parag Milk Foods due to increasing inflation and high dairy costs.