Milky Mist shares hit another 10% upper circuit, rallying 43% from IPO price. Should you buy, sell or hold?

Milky Mist shares hit another 10% upper circuit on Wednesday, taking their gains to 42.5% from the IPO price of Rs 140. Analysts remain positive on the company’s strong foothold in value-added dairy products, improving margins and growth prospects, but caution that valuations are elevated. Existing investors have been advised to hold and accumulate on meaningful dips.