Dabur shares drop 5% after UBS downgrades to 'Neutral' on valuation concerns

Shares of Dabur dropped 5% to Rs 622 during Wednesday's intraday trading on the BSE after global brokerage UBS downgraded the stock from 'Buy' to 'Neutral.' Despite this downgrade, UBS raised Dabur's target price from Rs 650 to Rs 700. The brokerage cited concerns over high valuations and potential risks to beverage sales growth, along with increasing competition from cola drinks and coconut oil brands