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Dabur India shares hit a record high of Rs 587.95 after they surged 3 per cent on the BSE in the intra-day trade on Thursday, surpassing its previous high of Rs 582.70, touched on June 16, 2021.
The stock of the consumer goods company (FMCG) has outperformed the market in the past month by rallying nearly 9 per cent in hopes of improvement in operational performance. In comparison, the S&P BSE Sensex has added just 0.9 per cent during the period.
Leading fast-moving consumer goods (FMCG) central Dabur India on June 23 announced that it would set up a new plant at Madhya Pradesh with an estimated total investment of Rs 550 crore. The firm has already secured a 51-acre land parcel and has begun construction work for the initial phase, which is scheduled to be completed within the current financial year. Apart from the recently launched production linked incentive (PLI) scheme for the food processing sector by the union government, Dabur has availed the state government’s Mega Projects Scheme to materialise its plan.
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Dabur India’s FMCG portfolio includes nine Power Brands – Dabur Chyawanprash, Dabur Honey, Dabur Honitus, Dabur PudinHara, and Dabur Lal Tail in the Healthcare space; Dabur Amla, Dabur Red Paste and Vatika in the Personal care space; and Réal in the Foods category.
Stock Covered in the news
