After selling over 387,000 shares in CY13, Sunil Duggal, chief executive officer of fast moving consumer goods major Dabur, has continued his selling spree in the new year as well, making the most of the upside in the counter. The 56-year-old has sold around 80,000 shares as of mid-February, thus marginally bringing down his holding to 0.17% against 0.19% held around the same period last year. Over the past one year, the share price of the stock has gone by over 36%, from ₹129 to ₹176 levels. The momentum is largely on account of the fact that the company has managed to post a decent performance amidst concerns of a slowdown in the consumption story. In the current fiscal, for the nine months ending in December, Dabur has managed a strong 10% growth in volumes, with rural sales staying robust. Analysts expect the company to post a decent 15%-17% growth both in topline and bottomline in the coming fiscal. But the only hitch is that valuations, at 28 times forward earnings, seem to have captured the positives. In other words, the CEO has pretty much done a good job delivering on the numbers both for investors and himself.
Trend
Good till it lasts
Dabur, has continued his selling spree in the new year as well, making the most of the upside in the counter.
Editor's Pick
Most Popular
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
Scriptures for success
Kripa Mahalingam - January 27, 2015
Decoupage goes digital
Kishore Singh - January 27, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021