Milky Mist Dairy Food shares already surged 113% from IPO price in 2 months but Nuvama sees more returns; target price

Milky Mist Dairy Food shares rose 5% to ₹298.75, up 113% from their IPO price. Nuvama initiated coverage with a Buy rating and ₹330 target, citing growth in value-added dairy, expansion beyond South India and improving cash flows, while flagging concentration and milk-price risks.