Dabur India zooms on getting nod to invest Rs 325.87 crore in Indore plant
Dabur India is currently trading at Rs. 547.20, up by 15.10 points or 2.84% from its previous closing of Rs. 532.10 on the BSE.
The scrip opened at Rs. 548.10 and has touched a high and low of Rs. 548.75 and Rs. 536.50 respectively. So far 69946 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 620.00 on 08-Nov-2021 and a 52 week low of Rs. 482.20 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 548.75 and Rs. 522.15 respectively. The current market cap of the company is Rs. 96631.98 crore.
The promoters holding in the company stood at 67.24%, while Institutions and Non-Institutions held 24.27% and 8.50% respectively.
Dabur India's board has approved the capital expenditure of Rs 325.87 crore for its Indore Project in Madhya Pradesh. The company will manufacture red toothpaste and one-litre juice packs, and increase the production capacity of portion packs of its range of juices. The work for capacity addition would be completed in the next 1.5 years, and production would start in March 2024. This capex would be financed through internal accruals.
Dabur India is one of the largest FMCG Company in India.
