Dear All,
Buy DABUR at 169-171 for target 187 and 200 with stop-loss 160 (Holding 7-10 days)
(There is no need of stop-loss , but stop-loss is needed because of the uncertainty of FISCAL CLIFF in AMERICA)
Reasons :
1.Good rural demand for the products and festive season may add good top line ie sales
2.Price HIKE of 3% for the products is possible by DABUR ,according to interview by MD to the CNBC TV18
3.A better mix delivery particularly in the rural areas would enable some improvement
4.I think the EBITDA margins would go north and there will be a little bit of help from our overseas business where we are seeing very strong growth in the margins. :BY MD OF DABUR
5. Technically very positive
6.EBITDA margins would go north and there will be a little bit of help from our overseas business
7. Defensive stock
and many more .
Very important :FII share holding very HIGH in DABUR ,any negative news from the world economy make the stock to be volatile.
NOTE: WORST IS NOT OVER FOR THE WORLD ECONOMY
Disclaimer: The calls made herein are for informational purposes and are not recommendations to any person to buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not guaranteed. The above calls are based on the theory of technical analysis. The author does not accept any liability for the use of this site. Readers of this site who buy or sell securities based on the information in this site are solely responsible for their actions.