Dabur Pharma debuts, swings wildly

DALAL STREET SPIKES

Dabur Pharma made a debut at Rs 30.05, witnessing a volatile trading session. The stock in intra-day trades touched a high of Rs 52.25 and a low of Rs 27.05, before closing at Rs 39.35 on the BSE. The counter witnessed volumes of more than 1.15 lakh shares on the BSE.

Dabur Pharma was listed on the bourses after exercising restructuring, splitting the company's pharma and FMCG business. Shareholders received one share of Dabur Pharma for every 2 shares held in Dabur India.

Dabur Pharma recorded a 16.4 per cent growth in net profit to Rs 18.1 crore in 2003-04 from Rs 15.5 crore in the previous fiscal. Sales rose 16.2 per cent to Rs 213.6 crore in FY04 from Rs 183.8 crore during the corresponding period a year ago.

Both Dabur India and Dabur Pharma have a face value of rupee one. Dabur Pharma has a paid-up equity capital of Rs 14.36 crore. Dabur India, however, ended marginally lower at Rs 72.90, down 0.61 per cent from its previous close.