Moneycontrol
Last Updated : Jan 31, 2018 03:35 PM IST | Source: CNBC-TV18

Stay invested in Dabur India, says Vijay Chopra

Vijay Chopra of enochventures.com is of the view that one may stay invested in Dabur India.

CNBC TV18 @moneycontrolcom

Vijay Chopra of enochventures.com told CNBC-TV18, "One can stay invested in Dabur India. These are classical consumption stories and they have an experience of decades under their belt and market has been definitely disrupted by what Patanjali did in the last five years. You look at all the FMCG players whether it is Colgate or Dabur or any other company or Marico in the FMCG space, so this disruption has happened but I think that these companies are now settling to the new realities of the market."

"They are bringing out more products which are more suited to the Ayurveda or natural consumption market. I think they will reverse their strategies and go back to their drawing boards and work accordingly. So, stay invested, long term investors no need to panic."

"I think Dabur has the potential of going to Rs 400-420. But again with this kind of volatility and global markets trading at a high, it is a possibility that you might see pressure on the stock prices in the short term. But long term I don’t see much problem in companies like this," he said.
First Published on Jan 31, 2018 03:34 pm
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