Krish Subramanyam of Asit C Mehta Investment told CNBC-TV18, "Dabur India saw some good open interest. Yesterday we saw some short covering, but the spike was quite sharp and today we are seeing some of it receding, but closer to Rs 166-167 levels we should see some sort of support emerging."
"We are recommending buying Dabur of possible target of Rs 174 and one could keep a stoploss of Rs 165," he said. At 13:45 hrs Dabur India was quoting at Rs 168, down Rs 1.05, or 0.62 percent. It has touched an intraday high of Rs 170.85 and an intraday low of Rs 166. The share touched its 52-week high Rs 184.90 and 52-week low Rs 129.00 on 28 October, 2013 and 14 January, 2013, respectively. Currently, it is trading 9.14 percent below its 52-week high and 30.23 percent above its 52-week low. Market capitalisation stands at Rs 29,296.06 crore.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
