Dabur India Ltd. sees decline in stock price, but remains strong in FMCG market

Dabur India Ltd., a leading FMCG company in India, has recently seen a decline in its stock price. On September 25, 2024, the stock lost -3.02%, underperforming the sector by -2.77%. The stock has been on a downward trend for the last three days, with a fall of -4.94% during this period.

On the same day, the stock touched an intraday low of Rs 633.9, a decrease of -3.33%. However, the stock's moving averages are still higher than the 100-day and 200-day moving averages, indicating a positive long-term trend. But it is currently lower than the 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Dabur India Ltd. has underperformed. Its 1-day performance was -3.02% while the Sensex's performance was 0.03%. Similarly, in the last 1 month, the stock's performance was -1.01% compared to the Sensex's 4.76%.

Dabur India Ltd. is a largecap company in the FMCG industry. It has a strong presence in the Indian market and offers a wide range of products in the healthcare, personal care, and food categories. While the recent decline in its stock price may be a cause for concern, it is important to note that the company has a strong track record and is well-positioned in the market. Investors are advised to hold their positions in the stock and monitor its performance in the coming days.