AgenciesICICI Securities has buy call on Dabur India with a target price of Rs 545. The current market price of Dabur India Ltd. is Rs 494.45.
Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 89643.57 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2516.04 Crore, up 27.07 % from last quarter Sales of Rs 1979.98 Crore and up 13.75 % from last year same quarter Sales of Rs 2211.97 Crore Company reported net profit after tax of Rs 483.19 Crore in latest quarter.
Investment Rationale
A higher base above the 52-weeks EMA and the rising demand line joining lows since March 2018, thus offers favourable risk reward set up
Promoter/FII Holdings
Promoters held 67.9 per cent stake in the company as of June 30, 2020, while FIIs held 17.6 per cent, DIIs 7.4 per cent and public and others 7.1 per cent.
Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 89643.57 Crore) operating in FMCG sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2516.04 Crore, up 27.07 % from last quarter Sales of Rs 1979.98 Crore and up 13.75 % from last year same quarter Sales of Rs 2211.97 Crore Company reported net profit after tax of Rs 483.19 Crore in latest quarter.
Investment Rationale
A higher base above the 52-weeks EMA and the rising demand line joining lows since March 2018, thus offers favourable risk reward set up
Promoter/FII Holdings
Promoters held 67.9 per cent stake in the company as of June 30, 2020, while FIIs held 17.6 per cent, DIIs 7.4 per cent and public and others 7.1 per cent.
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