Categories: NewsTech & Auto

Dabur India Share Price: Dabur stock fell by more than 4%

Dabur India Share Price: A stormy rise was seen in the Indian stock market. Sensex and Nifty made records as soon as the market opened. However, even with this rise, Dabur India’s stock took a dive. Today the company’s stock fell by 4.47 percent or 23.75 points and closed at 507.25. Which had broken to the lowest level of last 52 weeks at 502.30 at 2.15 pm during trading. The stock opened in the market today at Rs 531. Which went up to 531.95 points for some time. It is being told that there has been weakness in the revenue growth of the company in the last quarter of the financial year 2023-24 i.e. till January-March. During this period the company has registered mid-single digit revenue growth. Due to this, selling dominated the company’s stock.

Dabur india share price

What were the company’s results?

Dabur India’s Q4 results state that the company’s home and personal care segment is expected to grow in single digits. Also, the company said that double digit growth is expected due to better prospects in the Middle East and North African region, Egypt and Turkey. Gross margins are likely to continue to expand due to decline in input costs and cost-saving initiatives. At present the market cap of the company is said to be Rs 89.71 thousand crore.

Also Read: Stock market boomed, Sensex-Nifty made record

How is the stock’s performance?

The company’s stock has not given encouraging returns to the investors. The company’s stock has given a negative return of 2.40 percent in the last five days. Whereas, it has given negative returns of 5.14 percent in one month and 7.90 percent in six months. In one year, investors have suffered a loss of about 7.44 percent i.e. Rs 40.80. A year ago, on April 5, 2023, the company share price was Rs 548.08. However, in long term i.e. five years, the company has given a return of 26.70 percent to the investors. On April 5, 2019, the company’s stock price was Rs 400.19.

Harshita

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