Go long in Dabur India: Bhamre

Go long in Dabur India, says Siddharth Bhamre of Angel Broking.

Bhamre told CNBC-TV18, "We were quite optimistic on Tata Global and Dabur India in beginning of the series because rollovers were quite good. There were bit of short positions. So, we are expecting short covering. Tata Global has done well."
He further added, "Dabur has seen good spike. Correction has happened back to Rs 103-104 odd levels. I think it's a good long candidate from a defensive perspective, if you are expecting markets to be flattish. Even if your market call is bullish, I think Dabur is a good buy looking at the way statistics have shaped up. So, I would go long at current levels, probably fix a small stop loss of Rs 101. I am expecting a Rs 111 in Dabur.