Moneycontrol PRO
HomeNewsBusinessStocksHold Dabur India, says Prakash Gaba

Hold Dabur India, says Prakash Gaba

According to Prakash Gaba of prakashgaba.com, one may hold Dabur India.

April 03, 2017 / 17:10 IST

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Dabur India has moved from the levels of somewhere from Rs 42 one-way to Rs 300. Now, it is stagnating here for around two years, perfectly alright. Now, this means there is a consolidation, once it breaks out, it is going to go to new high."

"The only thing I advise is just have a stoploss at levels of Rs 220-230 or so. If it breaks Rs 230, take your money off, just to lock in the profit. To my mind, structure is still looking okay, it is into a resting mode and once it starts to go up, you will have a new up move then, hold on," he added.

first published: Apr 3, 2017 03:55 pm

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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347