Dabur India gains after strong third quarter results

Dabur India, an ayurvedic and natural health care company, gained on Wednesday afterannouncing an increase of 22.81% in consolidated net profit for the quarter ended December 2012.

During the quarter, the consolidated net profit of Rs 2.10 billion for the quarter ended Dec. 31, 2012 as compared to Rs 1.71 billion for the quarter ended Dec. 31, 2011. Analysts on an average had expected profit of Rs 2.05 billion.

Consolidated total income has increased by 12.56% to Rs 16.58 billion for the quarter ended Dec. 31, 2012 from Rs 14.73 billion in the year ago period. Shares ofthe companyare trading at Rs 131, up Rs 1.3, or 1% at the Bombay Stock Exchange (BSE) on Wednesday at 9:45 a.m.The scrip has touched an intra-day high of Rs 131.55 and low of Rs 130. The total volume of shares traded at the BSE is 18,683.In the earlier session, the shares declined 1.03%, or Rs 1.35, at Rs 129.70. Currently, the stock is trading down 6.43% from its 52-week high of Rs 140 and above 42.31% over the 52-week low of Rs 92.05.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 128.30 1.40 1.09 1 Month 128.75 0.95 0.74 3 Months 124.45 5.25 4.22 6 Months 121.25 8.45 6.97 1 Year 94.10 35.60 37.83 Note: Based on previous day closing price.