The Telangana-based company offers a wide range of milk products such as fresh milk, butter, ghee, paneer, curd, ice-cream, among other items.
Shares of Dodla Dairy jumped 7 percent to Rs 726 per share on the BSE on October 4 after the company’s wholly-owned subsidiary, Orgafeed, started a new manufacturing cattle feed plant at Kuppam, Andhra Pradesh. The S&P BSE Sensex was down 364 points or 0.5 percent to 65,147 levels, as of 11:00 am. On a year-to-date (YTD) basis, the stock of this smallcap company has surged 44 percent as against an 8-percent rise in the Sensex benchmark.
Earlier, the stock had touched a 52-week high of Rs 908 per share on July 24, 2023 and sunk to a 52-week low of Rs 417 apiece on March 13, 2023.
In an exchange filing dated October 4, the company said the capacity of the new plant would be 12,000 tonnes per month. While the overall capacity of Orgafeed is 14,400 tonnes per month, the Kadapa plant capacity stands at 2,400 tonnes per month.
The Telangana-based company offers a wide range of milk products such as fresh milk, butter, ghee, paneer, curd, ice-cream, among other items. The company has procurement centers across 5 states and products are available for purchase in 11.
