Brokerages hike Dabur India price targets by 7-13% on strong Q1 show

Investec and Edelweiss have maintained a buy rating while HSBC and Jefferies have maintained a hold rating. Nomura has a neutral recommendation on the stock. Most of the brokerages have a concern that valuations are steep which is why ratings are mixed. Despite the target price increases, shares of Dabur India ended down 4.23 per cent at Rs 588.

via Economictimes