/Buy Dabur India, target price Rs 540: Yes Securities

Buy Dabur India, target price Rs 540: Yes Securities

Yes Securities has given a buy rating to Dabur India with a target price of Rs 540. The share price moved up by 0.40 per cent from its previous close of Rs 519.75. The stock’s last traded price is Rs 521.85.

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 91861.68 Crore) operating in FMCG sector.

For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 1979.98 Crore, up 6.14 % from last quarter Sales of Rs 1865.36 Crore and down -12.90 % from last year same quarter Sales of Rs 2273.29 Crore Company reported net profit after tax of Rs 341.29 Crore in latest quarter.

Investment Rationale
Post congestion breakout, the stock is holding ground above important support levels. Today, the stock has managed to outperform the benchmark index and the FMCG index, suggesting possible further outperformance from a near-term perspective.

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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