Dabur shares fall 4% after Q3 results. Should you buy, sell or hold the stock?
Domestic brokerage Motilal Oswal has a Buy call on Dabur with a target of Rs 650. “Overall sales growth trajectory has revived in recent years – a continuation of the turnaround seen by Dabur under the new CEO. Beyond the near-term, rural demand recovery, material cost stability and a less challenging base are likely to result in healthy earnings growth from FY24 onwards,” Motilal said.
