Dabur spurts on pre-result optimism

DALAL STREET SPIKES

Dabur India rallied throughout the trading session today and close with a gain of 10 per cent at Rs 171.50 albeit on a fall of 50 per cent in volumes of about 1.2 million shares.

The rally was a result of strong result expectations. The company's board is scheduled to meet on January 19 to discuss the results for the December quarter.

Recently, the company had announced the incorporation of a new subsidiary under the name of Naturelle LLC in Ras Al Khaimah, UAE, which would manufacture and trade in the cosmetic, foodstuff, personal care, home care and ayurvedic preparations of the company.