Dabur Share Technical Analysis
Dabur Share Status:
Currently Dabur share is trading around the 530 level, which is a good support for the share in short term.
Dabur chart analysis:
After hitting high of 660, Dabur share price corrected and fall till the level of 480, now Dabur stock have bounced from that level and again got the resistance at 600 level .
Dabur share is currently trading at it’s support level which is 520-530.
Now we can expect a good move if the dabur share price cross the level of 600.
Dabur Share Price Target:
First Target for Dabur Share is – 590
Second Target for Dabur Share is – 655
The Stop loss for Dabur share is – 515
Dabur share results :
Dabur India Q2 net profit dips
Dabur India Ltd reported a 2.85 per cent YoY decline in its consolidated net profit to ₹490.86 crore for the second quarter ended September 30 from ₹505.31 Cr reported in Q2FY22-23.
Dabur share latest news
Dabur to acquire 51% stake in Badshah Masala for Rs 588 crore
FMCG major Dabur India on Wednesday announced that it will be acquiring a 51% stake in Badshah Masala Private Limited for Rs 587.52 crore.
With this deal, Dabur has entered into branded spices in India, worth over Rs 25,000 crore.
Remaining 49% will be acquired after five years.
Dabur announces 250% dividend for FY23
After Q2 result, Dabur India has announced a 250% interim dividend for FY 2023.
The dividend amount is Rs 2.5 per share having face value of Re 1 apiece.
Youtube Video For Dabur India ltd
Dabur Share recommendation
Dabur share for long term :
Dabur is a major giant in FMCG sector. Dabur have a strong consumer base for their product, their product Chawanprash is very popular and consumed by a large community across the world.
Recently Dabur India have entered into Indian Spices segment by buying stake in Badshah.
However from last one year Dabur share has given negative return but For long term prospective we can expect a good growth in Dabur share price. From our side this stock is a portfolio stock.
Disclaimer: These targets are given by our own analysis, before buying or investing in this share please take advice from your financial advisor.
Nirmal is a NISM Certified Derivative Trader & the Founder of InvestandEarn.net (Financial Blog). He entered the world of Equity research to explore his interests in financial markets having 5+ Years of Experience in Share Market Trading & Investing. Nirmal frequently writes about Share Market Trading & Investment and publishes his personal view on the market. Drop him a mail at email@example.com.