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Dabur India, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 89553.78 Crore) operating in FMCG sector.

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Dabur on Thursday announced that its Q4 profit rose marginally to Rs 301 crore while its revenue grew 6% year-0n-year (YoY).

The ECB raised its benchmark rates by 25 basis points-the smallest increase in its rate-hike cycle that started last summer-lifting the benchmark for borrowing costs to 3.25%. It, however, signalled more tightening was to come.

In FY21 and FY22, the benchmark index gained about 18% and 6%, respectively, but in FY23, it slipped by 9%. Despite this, there are 7 stocks from the BSE universe with a market capitalisation of over Rs 500 crore that have gained over 40% in each of the last three June quarters.

During the quarter, the bank reported higher provisions and contingencies at Rs 116.66 crore versus Rs 75.24 crore in the corresponding quarter in the year-ago period. The return on assets (RoA) for Q4FY23 stood at 1.45% while return on equity (ROE) at 17.48%. The gross NPA and net NPA for the reporting quarter were down at 2.36% and 0.69%, the company filing said.

On the technical charts, the RSI of the stock stood at 70.96.

A total of 217,726 shares changed hands on the counter till 02:05PM (IST).

The stock traded at a P/E multiple of 72.82, while the price-to-book value ratio stood at 17.88.

The stock recorded a strong bounce back after consolidating above Rs 110 levels in February 2023. It witnessed a breakout from the earlier swing high of Rs 125-128 seen in January 2023 and September as well as October 2021 on the weekly charts.