Bonus issue buzz adds fizz to Dabur India

DALAL STREET SPIKES

The Dabur India Ltd scrip rose 9.15 per cent to Rs 178.90 as compared with its previous close of Rs 163.90. Around 10.6 lakh shares of the company were traded on the BSE on Monday.

The surge in the scrip price occurred after the company said it will consider a bonus issue. The company's board will meet on 24 October 2005 to consider a proposal for bonus issue.

For the quarter ended June 2005, Dabur India reported a 62 per cent growth in consolidated net profit to Rs 34.87 crore and sales rose 20 per cent to Rs 414.70 crore.

A couple of months back, Dabur had acquired Balsara Group's stake in three of its group companies for a cash deal of Rs 143 crore.