Dabur India was down 0.11% to Rs 313 at 9:49 IST on BSE, with the stock sliding amid volatility after the company said its wholly owned subsidiary has acquired a South African cosmetics firm for a purchase consideration of ZAR 1,000.
The announcement was made after market hours yesterday, 18 July 2016.Meanwhile, the S&P BSE Sensex was down 20.16 points or 0.07% at 27,726.85.
On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 1.18 lakh shares in the past one quarter. The stock lost as much as 0.3% at the day's low of Rs 312.40 so far during the day. The stock rose as much as 0.79% at the day's high of Rs 315.85 so far during the day. The stock had hit a record high of Rs 320.30 on 14 July 2016. The stock had hit a 52-week low of Rs 231.30 on 27 January 2016. The stock had underperformed the market over the past one month till 18 July 2016, sliding 0.48% compared with Sensex's 4.21% rise. The scrip had, however, outperformed the market in past one quarter, advancing 14.63% as against Sensex's 7.48% rise.
The large-cap company has equity capital of Rs 176.15 crore. Face value per share is Rs 1.
Dabur India's wholly owned subsidiary Dabur International has acquired 100% share capital of a new company namely Discaria Trading (PTY) LTD (Discaria) in South Africa on 14 July 2016, for a purchase consideration of ZAR 1,000. Accordingly Discaria has become a step down wholly owned subsidiary company of Dabur India.
Discaria is engaged in manufacturing and trading of cosmetics products.
Dabur India will announce Q1 June 2016 results on 27 July 2016. The company's consolidated net profit rose 16.6% to Rs 331.93 crore on 10.9% rise in net sales to Rs 2157.31 crore in Q4 March 2016 over Q4 March 2015.
Dabur India is one of the largest FMCG companies in India. The company operates in key consumer products categories like hair care, oral care, health care, skin care, home care & foods.
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