Dabur India can hit Rs 165: Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "Dabur India from the defensive space offers good opportunities on the upside. The stock is in a good strong higher-top, higher-bottom cycle and going forward, I think that the previous top of Rs 165 can be tested."

"Basically, the bet is that if the market moves lower, market participants are likely to move towards defensive counters and Dabur offers a good upside from current levels," Kulkarni further added. The share closed at Rs 158.15, down Rs 0.10, or 0.06 percent. It touched an intraday high of Rs 159.75 and an intraday low of Rs 157.00. There were pending buy orders of 31 shares, with no sellers available. The share touched its 52-week high Rs 165.70 and 52-week low Rs 103.10 on 13 May, 2013 and 05 June, 2012, respectively. Currently, it is trading 4.56 percent below its 52-week high and 53.39 percent above its 52-week low. Market capitalisation stands at Rs 27,564.52 crore. Disclosure: It is possible that we have positions in the stocks discussed and we have recommended the stocks to our clients.