Date:16/05/2006 URL: http://www.thehindubusinessline.com/2006/05/16/stories/2006051604931500.htm

Back Dabur Pharma, a value pick

Deeptha Rajkumar

The Dabur Pharma counter ruled firm during early trade but ended relatively flat, absorbing some of the day's bearish market sentiment.

Brokers said steady institutional interest had been propping up the stock. Given its low float, any sustained interest could trigger a sharp upswing. Analysts attribute market interest to anticipation of positive news from the company regarding its US business.

Touting it as a value pick, an analyst said that the company could see revenues increase two-and-a-half times by fiscal 2008.

The stock ended at Rs 64.55, losing ground by 0.69 per cent on the BSE. A total of 3.13 lakh shares were traded.