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Dabur India Dips 3% as 1% Equity Change via Block Deals

Last week, the stocks hit a 52-week high of Rs 610 on BSE.

On Bombay Stock Exchange (BSE), Dabur India’s shares tumbled 3% to Rs 570.80, after 1% equity of the personal care products.

In today’s morning trade, around 18.2 million equity shares represent 1.02% of the total equity of Dabur India, as data showed. 

Dabur India’s promoters were looking to sell a stake worth Rs 800 crore through a block deal on December 20, 2022. Data showed a total 67.24% stake held by the Burman family together in Dabur, India.

Last week, the stocks underperformed the market by going down 5% as compared to a 1% low in the S&P BSE Sensex, whereas the stock gained 5% as compared to the 0.3% fall in the benchmark index on November 22 and on December 7, the stocks hit a 52-week high of Rs 610.

Rural markets remain impacted by maximum product prices, and after the fifth quarter, the Urban markets have lagged.

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