Dabur drops 3% on lacklustre Q2 numbers
Market was trading rangebound amid positive global cues.
By ETMarkets.com |
Getty Images
NEW DELHI: Shares of consumer goods maker Dabur India slipped into the red on Thursday after the company reported a tepid growth for the September quarter.
Dabur India reported a 4 per cent increase in net profit for the second quarter and an 8 per cent growth in total revenue following muted growth in beverages, currency headwinds and the festive season shifting to the third quarter.
Shares of the company inched up by half-a-percent in morning trade, but slipped 3.22 per cent to Rs 373 later.
At 10.15 am, the stock hit Rs 375.80, down 2.49 per cent, but not before sliding 3 per cent at one point. The benchmark Sensex was 0.07 per cent up at 34,467.
Market was trading rangebound amid positive global cues.
On the Sensex, 16 stocks advanced and 15 declined. Wipro, HUL, TCS, Infosys and Coal India were among the top losers of the Sensex. YES Bank, Larsen & Toubro and Tata Steel were among the big gainers.
Dabur India reported a 4 per cent increase in net profit for the second quarter and an 8 per cent growth in total revenue following muted growth in beverages, currency headwinds and the festive season shifting to the third quarter.
Shares of the company inched up by half-a-percent in morning trade, but slipped 3.22 per cent to Rs 373 later.
At 10.15 am, the stock hit Rs 375.80, down 2.49 per cent, but not before sliding 3 per cent at one point. The benchmark Sensex was 0.07 per cent up at 34,467.
Market was trading rangebound amid positive global cues.
On the Sensex, 16 stocks advanced and 15 declined. Wipro, HUL, TCS, Infosys and Coal India were among the top losers of the Sensex. YES Bank, Larsen & Toubro and Tata Steel were among the big gainers.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
