Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities told CNBC-TV18, "Dabur India has been respecting its multiple support of Rs 260 zone from last three series. The stock is in a consolidation phase, most of the time it comes near to Rs 260-262 zone and turns back to the upper band of the trading range. It is now turning from the lower band taken support near to Rs 263 zone. Recommending to buy with a stop loss of Rs 262 for the upside target towards Rs 288."
At 15:12 hrs Dabur India was quoting at Rs 272.30, up Rs 5.80, or 2.18 percent. It has touched an intraday high of Rs 272.75 and an intraday low of Rs 266.15.
