Short Term Buy Call For Dabur
Stock market analyst Salil Sharma is of the view that investors can buy Dabur India Ltd stock with short term target of Rs 215.
According to analyst, the interested investors can buy the stock with stop loss of Rs 196.
Mr. Sharma said that the said target can be achieved with in period of 30-45 days.
Today, the stock of the company opened at Rs 202.60 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 218.95 and a low of Rs 121 on BSE.
Current EPS & P/E ratio stood at 5.98 and 33.96 respectively.
Dabur India, which declared the acquirement of Turkish company Hobi Kozmetik during the last month, is eyeing for more.
Sunil Duggal, the company's CEO, stated Dabur has decided to lift up Rs 2,000 crore for acquisitions.
The said sum is in addition to the funding for the Hobi Kozmetik contract.
Dabur India, manufacturers of Vatika shampoo and Real juices, has entered into advanced discussions to get hold of Hobi Kozmetik, which will be its initial acquirement in the foreign market.
"The company has been in talks with several overseas companies but Hobi Kozmetik is the frontrunner," an official said on condition of anonymity.