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Buy Dabur, price target Rs 500: Chandan Taparia

The analyst suggested a stop loss at Rs 468.

Last Updated: Jan 14, 2020, 10.44 AM IST
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Chandan Taparia of Motilal Oswal Securities has a buy call on Dabur India Ltd. with a target price of Rs 500. The current price of Dabur India Ltd. is Rs 480.2. Time period given by the analyst is Intra Day when Dabur India Ltd. price can reach defined target. Chandan Taparia recommended to keep a stop loss at Rs 468.

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 84580.51 Crore) operating in FMCG sector.

Dabur India Ltd. key Products/Revenue Segments include Personal Care which contributed Rs 6189.54 Crore to Sales Value (98.66 % of Total Sales), Other Operating Revenue which contributed Rs 72.92 Crore to Sales Value (1.16 % of Total Sales), Scrap which contributed Rs 10.73 Crore to Sales Value (0.17 % of Total Sales) for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2211.97 Crore, down 2.70 % from last quarter sales of Rs 2273.29 Crore and up 4.09 % from last year same quarter sales of Rs 2124.97 Crore. Company has reported net profit after tax of Rs 403.43 Crore in latest quarter.

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