FMCG Major Set To Consider Dividend In Oct, Buy For Highest TP Rs 750/Sh: Analysts

FMCG major Dabur India Ltd share today witnessed decline of 0.63% on BSE. Last trading price of Dabur India Ltd shares on BSE is Rs 656.85 per share. Board of Directors of Dabur India will meet on October 30, 2024 to consider financial results and declaration of interim dividend. Dabur India shares in 2024 jumped 17.79% and slipped 1.18% in last 2-weeks. Its market capitalisation stood at Rs 1,16,414.27 crore. Check details below:

Dabur India To Mull Financial Results, Interim Dividend: According to BSE filing of Dabur India issued as on September 24, 2024, "Pursuant to provisions of Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, the 30th October 2024 to inter alia, consider and approve the unaudited financial results for the quarter/half year ending on 30th September 2024 and to consider declaration of interim dividend on the equity shares of the Company for the Financial Year 2024-25."

Should You Buy Dabur India Shares? Brokerage firm Jefferies has buy call on Dabur India shares with target price of Rs 740 per share as management appears hopeful on continued momentum in coming quarters. Nomura too suggested buy rating with target price of Rs 750 per share as rural value growth improved to 9%, while urban grew 5%. On the other hand, Motilal Oswal too assigned buy with target price of Rs 750 per share.

According to A R Ramachandran, Independent SEBI Research Analyst, "Dabur is bearish on the daily charts with strong resistance at 672. A daily close below support of 650 could lead to target of 598 in the near term."

LIC Stake In Dabur India: Life Insurance Corporation Of India (LIC) has 3.71% stake in Dabur India as the PSU insurer has 65,88,461 shares of the company as of June quarter.

Dabur India Share Performance: The 52-week high price of Dabur India share is Rs 672.00 per share (as on 17/09/2024) and 52-week low price is Rs 489.00 (as on 16/04/2024), respectively. Dabur India has a PE of 76.22 and ROE of 22.22. Dabur India shares jumped more than 25% in last 6-months, surged 17% in last 1-year, and gained 45% in last 5-years.

About: Dabur India Limited is a leading Indian consumer goods company with interests in hair care, oral care, health care, skin care, home care and food & beverages. Dabur India Ltd. is one of India's leading FMCG Companies with Revenues of over Rs. 11,530 Crores & Market Capitalization of over Rs. 96,500 Crore. Building on a legacy of quality and experience of over 139 years, Dabur is today India's most trusted name and the world's largest Ayurvedic and Natural Health Care Company, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal, Nomura, Jefferies, and A R Ramachandran. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.