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Milky Mist Shares Drop 4.5% Amid FSSAI Clarification: Trading Strategy
M
Moneycontrol•12-10-2026, 11:34
Milky Mist Shares Drop 4.5% Amid FSSAI Clarification: Trading Strategy
- •Milky Mist shares declined 4.5% to trade at Rs 306.85 following selling pressure, despite the company clarifying that it received no official FSSAI communication regarding its paneer products.
- •Technical analysts note short-term weakness with the stock trading below key exponential moving averages and an RSI of 34.42 indicating bearish momentum.
- •Immediate support is pegged at Rs 305 with a potential downside toward Rs 300, while resistance is seen between Rs 318 and Rs 322.
- •Fundamentally, Q1FY27 revenue rose 44% to Rs 973 crore with improved margins, but experts advise waiting for a deeper dip due to high valuations and a debt-to-equity ratio near 3.6 times.
Key Questions Answered
Milky Mist clarified that it has not received any specific notice, order, or communication from the FSSAI or the Tamil Nadu Food Safety Department regarding an inquiry into its paneer products.
Milky Mist shares experienced selling pressure and traded 4.4 percent lower at Rs 306.85 amid short-term market weakness and a drop below key moving averages.
Analysts noted that while Q1FY27 revenue rose 44 percent to Rs 973 crore with margins improving to 14.9 percent, the stock trades at very high multiples with an EPS of Rs 1.97 and a high debt-to-equity ratio of around 3.6 times.
