Nomura, CLSA, HSBC and Jefferies maintained their ‘buy’ rating on the stock, while JPMorgan, Macquarie and Morgan Stanley retained their outperform outlook on the stock. These brokerages expect the stock to rise between 6% and 17% from their respective price forecasts.
Dabur India shares fall 4% even as Q1 earnings meet estimates. What’s spooking investors?
Dabur India shares dropped over 4% on Thursday after reporting Q1 earnings. The company announced a 15% rise in net profit and 11% revenue growth.