Buy Dabur India, target price Rs 604 : Religare Broking
Dabur India with a target price of Rs 604. The current market price of Dabur India is Rs 567.4.
Religare Securities recommended to keep stop loss at Rs 550.
Dabur India, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 100571.83 Crore) operating in FMCG sector.
Dabur India key Products/Revenue Segments include Personal Care, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.
Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 3240.25 Crore, up 15.78 % from last quarter Total Income of Rs 2798.52 Crore and up 10.85 % from last year same quarter Total Income of Rs 2922.98 Crore. Company has reported net profit after tax of Rs 456.81 Crore in latest quarter.
Investment Rationale
Seeing consolidation for over a month now.
