Amit Gupta, Head-Derivatives, ICICI Direct told CNBC-TV18, "We are looking for Rs 195 in Dabur India. In fact it can go beyond Rs 200 levels also in the months to come. It has very positive structure. It came down just because of the MSCI news from Rs 180 to Rs 160. I think it is a buying opportunity again."
"If one sees the 50 day moving average, technically after three-four weeks, it has surpassed that particular average and we are seeing good volumes now slowly coming up in the stock. We also saw around Rs 168-170 delivery pick up in the stock. If one looks at the open interest (OI) in Dabur, it was continuously increasing. We saw almost 70-80 percent OI increase when MSCI news came out and now in the last two-three weeks, slowly it is decreasing," he said.
"It is a good candidate for short covering in the market despite the fact the fast moving consumer goods (FMCG) stocks are not performing that much great but I think it is a good stock to be in the portfolio when one has some high beta stocks also along with this."
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