{"id":328630,"date":"2026-10-27T15:50:06","date_gmt":"2026-10-27T10:20:06","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=328630"},"modified":"2026-10-27T15:50:06","modified_gmt":"2026-10-27T10:20:06","slug":"milky-mist-shares-up-113-percent-from-issue-price-in-two-months-nuvama-buy-target-rs-330-q1-numbers-valuation-and-risks","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/milky-mist-shares-up-113-percent-from-issue-price-in-two-months-nuvama-buy-target-rs-330-q1-numbers-valuation-and-risks\/","title":{"rendered":"Milky Mist Shares Have Surged 113% From the IPO Price in 2 Months, but Nuvama Sees More Returns: Target Price, Q1 Numbers, Valuation and Risks"},"content":{"rendered":"

Milky Mist shares rose 4.99% to Rs 299.55 on the NSE (Rs 298.75 on the BSE) on Tuesday, 27 Oct 2026, which is about 113% above the IPO price of Rs 140, and Nuvama has initiated coverage with a Buy rating and a target of Rs 330, about 10.2% above the NSE price (my calculation). The stock closed at its high of the day after opening at Rs 292, so the rise looks like a hit of the 5% price band.<\/em><\/p>\n

\n

Quick Answer<\/strong><\/p>\n

Milky Mist shares are in focus because Nuvama has initiated coverage with a Buy rating and a Rs 330 target, citing growth in value-added dairy, expansion beyond South India and improving cash flows, while flagging concentration and milk price risks. Q1 FY27 revenue grew about 43% to Rs 974.53 crore and profit rose to Rs 64.68 crore from Rs 6.53 crore, but the stock trades at 172.45 times earnings with a debt to equity of 3.62. I could not retrieve the full Nuvama note, so the target is taken from the headline summary. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n

Milky Mist shares have more than doubled in about two months since the August listing, which is why a broker’s Buy call now matters less than the price already paid. This article looks at what Milky Mist shares have done since the IPO, the Q1 numbers, the Nuvama target, the valuation and the risks that the broker itself flags. The Milky Mist share price of Rs 299.55 on the NSE is the base for any upside calculation.<\/p>\n

I could not retrieve the full Nuvama report or its valuation method, and I did not find the Q2 FY27 results date for Milky Mist Dairy Food. The 113% figure uses the BSE price from the headline, and the NSE price gives about 114%. It is educational and not advice.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n