Dabur India Limited (DABUR)

Price561.30 1.15 (0.21%)52 Week High610.75
ISININE016A0102652 Week Low503.65
IndustryHousehold/Personal CareVolume956.6 T
SectorConsumer Non-DurablesP/E Ratio TTM57.63
Market Cap992.3 B1 Year Beta0.26
Technical Rating of

Dabur India Limited (DABUR) logo
  • Dabur India Limited (DABUR) is an Indian multinational consumer goods company headquartered in Ghaziabad, India. It was founded in 1884 by Dr. S.K. Burman and is one of the oldest and largest FMCG companies in India.
  • Dabur’s products include a wide range of personal care, home care, and food products, including toothpaste, shampoo, soap, hair oil, talcum powder, detergent, pickles, honey, and beverages. The company’s products are sold in over 100 countries around the world.
  • Dabur has a strong track record of growth and profitability. In FY 2022-23, Dabur’s revenue was ₹11,281 crores (~$1.4 billion) and its net profit was ₹1,800 crores (~$212.5 million).
  • Dabur is well-positioned to capitalize on the growth of the Indian FMCG market. The company has a strong brand portfolio, a wide distribution network, and a focus on innovation.

Here are some of the key facts about Dabur India Limited:

  • Founded in 1884
  • Headquarters: Ghaziabad, India
  • Revenue (FY 2022-23): ₹11,281 crores (~$1.4 billion)
  • Net profit (FY 2022-23): ₹1,800 crores (~$212.5 million)
  • Employees: 25,000
  • Market capitalization: ₹50 billion
          

Dabur India Limited (DABUR) Chart

Technical Analysis of Dabur India Limited (DABUR)

Moving Averages

PeriodSimpleExponential
MA 5562.75562.36
MA 10564.92563.04
MA 20560.91563.24
MA 30562.82563.69
MA 50566.50563.58
MA 100558.80560.11
MA 200553.48556.10

Moving Average Rating

Technical Indicators

NameValueNameValue
Aroon Up (14)78.57Aroon Down (14)0.00
MACD Level (12, 26)-0.46MACD Signal (12, 26)-0.52
Relative Strength Index (7)43.12Relative Strength Index (14)47.00
Stochastic %D (14 3 3)51.12Stochastic %K (14 3 3)42.00
Stochastic RSI Fast (3, 3, 14, 14)25.18Stochastic RSI Slow (3, 3, 14, 14)42.74
Bollinger Upper Band (20)571.93Bollinger Lower Band (20)549.89
Keltner Channels Upper Band (20)580.16Keltner Channels Lower Band (20)546.32
Donchian Channels Upper Band (20)576.60Donchian Channels Lower Band (20)546.10
Ichimoku Conversion Line (9, 26, 52, 26)565.07Ichimoku Base Line (9, 26, 52, 26)562.02
Ichimoku Leading Span A (9, 26, 52, 26)572.54Ichimoku Leading Span B (9, 26, 52, 26)569.32
Positive Directional Indicator (14)22.47Negative Directional Indicator (14)22.85
Volume Weighted Average Price561.25Volume Weighted Moving Average 20559.46

Oscillator Rating

Oscillators

Awesome Oscillator-0.63
Ultimate Oscillator (7,14,28)55.80
Money Flow (14)48.26
Chaikin Money Flow (20)0.09
Commodity Channel Index (20)6.18
Bull Bear Power-3.70

High / Low

1 Month576.60546.10
3 Month597.10545.65
6 Month597.10503.65
52 Week610.75503.65
All Time658.951.15

Volume

Volume956.6 T
Average 10 D1.4 M
Average 30 D1.5 M
Average 60 D1.7 M
Average 90 D1.8 M

Change/Volatility

Change1.15 (0.21%)
Change 1W-4.20 (-0.74%)
Change 1M8.20 (1.48%)
Volatility1.32
Volatility W1.66

Performance

Yesterday-0.03
Weekly-1.19
Monthly-2.49
3 Month0.23
6 Month4.68
Yearly-0.11
5 Year23.93
All Time7,732.05

Misc.

Average Day Range (14)7.68
Average Directional Index (14)7.41
Average True Range (14)8.67
Williams Percent Range (14)-59.88
Rate Of Change (9)-1.02
Hull Moving Average (9)560.16
Momentum (10)-4.70
Parabolic SAR547.89

PIVOT POINTS of Dabur India Limited (DABUR)

NameS3S2S1Pivot PointsR1R2R3
Classic467.97516.07534.58564.17582.68612.27660.37
Fibonacci516.07534.44545.79564.17582.54593.89612.27
Camarilla539.87544.28548.69564.17557.51561.92566.33
Woodie's479.35512.50527.45560.60575.55608.70623.65
DeMark's - - 525.33559.54573.42 - -

Financial Analysis of Dabur India Limited (DABUR)

Income Statement

Basic EPS (FY)9.64
Basic EPS (TTM)9.77
EBITDA (Annual YoY Growth)-4.64
EBITDA (Quarterly QoQ Growth)47.55
EBITDA (Quarterly YoY Growth)11.23
EBITDA (TTM)22.3 B
EBITDA (TTM YoY Growth)-0.90
EPS Diluted (Annual YoY Growth)-2.05
EPS Diluted (FY)9.61
EPS Diluted (MRQ)2.61
EPS Diluted (Quarterly QoQ Growth)54.44
EPS Diluted (Quarterly YoY Growth)5.24
EPS Diluted (TTM)9.74
EPS Diluted (TTM YoY Growth)-0.99
EPS Forecast (MRQ)2.82
Free Cash Flow (Annual YoY Growth)-26.93
Free Cash Flow Margin (FY)11.30
Gross Profit (Annual YoY Growth)-5.22
Gross Profit (FY)33.8 B
Gross Profit (MRQ)10.6 B
Gross Profit (Quarterly QoQ Growth)27.37
Gross Profit (Quarterly YoY Growth)11.29
Gross Profit (TTM YoY Growth)-0.38
Last Year Revenue (FY)114.6 B
Revenue (Annual YoY Growth)5.78
Revenue per Employee (FY)14.8 M
Revenue (Quarterly QoQ Growth)16.90
Revenue (Quarterly YoY Growth)10.91
Revenue (TTM YoY Growth)6.65
Net Income (Annual YoY Growth)-1.84
Net Income (FY)17.1 B
Net Income (Quarterly QoQ Growth)54.20
Net Income (Quarterly YoY Growth)5.35
Net Income (TTM YoY Growth)-0.66
Total Revenue (FY)114.6 B

Valuation

Enterprise Value/EBITDA (TTM)44.59
Number of Employees7,727.00
Number of Shareholders449 T
Shares Float595.6 M
Price to Book (FY)11.08
Price to Earnings Ratio (TTM)57.63
Price to Revenue Ratio (TTM)8.43
Price to Sales (FY)8.70
Total Shares Outstanding1.8 B
Research & development Ratio (FY)0.34
Selling & Admin expenses Ratio (FY)12.93
Selling & Admin expenses Ratio (TTM)17.20

Balance Sheet

Total Assets (Annual YoY Growth)11.15
Total Debt (Annual YoY Growth)13.95
Total Liabilities (FY)42.1 B
Cash & Equivalents (FY)1.6 B
Cash and short term investments (FY)10.6 B

Operating Metrics

Dividends

Dividend Yield Forward0.93
Dividends Paid (FY)-9,213,100,000.00
Dividends per Share (FY)5.20

Margins

Net Margin (FY)14.89
Net Margin (TTM)14.62
Gross Margin (FY)29.49
Gross Margin (TTM)33.12
Operating Margin (FY)16.11
Operating Margin (TTM)15.92
Pretax Margin (TTM)19.00

Dabur India Limited (DABUR) FUTURES

ExpiryOpenHighLowCloseSettleContractsValueOIOI Change
28-Sep-23561.30564.95558.00561.25561.251.2 T8.6 T17.4 M-427,500
26-Oct-23564.85568.85561.85565.20565.203772.7 T827.5 T152.5 T
30-Nov-23566.00570.00564.00569.95568.9553523.8 T0

Dabur India Limited (DABUR) OPTIONS

Related Companies (Peers) to Dabur India Limited (DABUR)

Price232.15 4.55 (2.00%)52 Week High262.40
ISININE933K0102152 Week Low145.55
IndustryHousehold/Personal CareVolume316.3 T
SectorConsumer Non-DurablesP/E Ratio TTM22.19
Market Cap32.5 B1 Year Beta0.18
Technical Rating of
Bajaj Consumer Care Limited (BAJAJCON) is an Indian consumer goods company headquartered in Mumbai, India. It was founded in 1988 by the Bajaj Group. The company’s initial focus was on the manufacturing of hair care products. It has since expanded its operations to include a wide range of personal care, home care, and food products. more about Bajaj Consumer Care Limited (BAJAJCON)

Price2,001.30 8.15 (0.41%)52 Week High2,062.10
ISININE259A0102252 Week Low1,434.60
IndustryHousehold/Personal CareVolume318.8 T
SectorConsumer Non-DurablesP/E Ratio TTM48.99
Market Cap542.1 B1 Year Beta0.46
Technical Rating of
Colgate Palmolive (India) Limited (COLPAL) is an Indian consumer goods company headquartered in Mumbai, India. It is a subsidiary of Colgate-Palmolive Company, a multinational consumer goods company headquartered in New York City, United States. COLPAL was established in 1930 as a joint venture between Colgate-Palmolive Company and the Indian company, The Hindustan Lever Limited (HLL). more about Colgate Palmolive (India) Limited (COLPAL)

Price389.65 -6.60 (-1.67%)52 Week High430.80
ISININE509F0101152 Week Low225.00
IndustryHousehold/Personal CareVolume107,481
SectorConsumer Non-DurablesP/E Ratio TTM17.89
Market Cap5.3 B1 Year Beta1.08
Technical Rating of
Cupid Limited (CUPID) is an Indian condom manufacturing company headquartered in Nashik, India. It was founded in 1993 and is one of the leading condom manufacturers in India. Cupid’s products are sold under the brand names Cupid and Cupid Plus. The company’s products are distributed through a network of over 10,000 retailers across India. Cupid’s more about Cupid Limited (CUPID)

Price517.25 -7.65 (-1.46%)52 Week High583.25
ISININE548C0103252 Week Low340.55
IndustryHousehold/Personal CareVolume165.5 T
SectorConsumer Non-DurablesP/E Ratio TTM32.42
Market Cap229.1 B1 Year Beta0.48
Technical Rating of
Emami Limited (EMAMILTD) is an Indian company that was founded in 1974. It is headquartered in Kolkata, India. Emami is a leading manufacturer of personal care, home care, and FMCG products in India. Emami is a well-managed and profitable organization. It has been consistently profitable and has been paying dividends to its shareholders since its more about Emami Limited (EMAMILTD)

Price2,606.60 -44.35 (-1.67%)52 Week High3,137.60
ISININE600K0101852 Week Low2,221.60
IndustryHousehold/Personal CareVolume8,440
SectorConsumer Non-DurablesP/E Ratio TTM25.97
Market Cap93.9 B1 Year Beta0.55
Technical Rating of
Galaxy Surfactants Limited (GALAXYSURF) is an Indian multinational chemical company based in Mumbai, Maharashtra, India. It is a manufacturer of surfactants and speciality chemicals for cleaning and personal care space and its more than 200 products are exported to over 100 countries. Galaxy has over 1400 clients including L’Oréal, Unilever, Colgate-Palmolive, Dabur, Himalaya, and more. more about Galaxy Surfactants Limited (GALAXYSURF)

Price5,995.55 -185.65 (-3.00%)52 Week High6,415.00
ISININE322A0101052 Week Low4,135.25
IndustryHousehold/Personal CareVolume21,996
SectorConsumer Non-DurablesP/E Ratio TTM54.93
Market Cap201.5 B1 Year Beta1.08
Technical Rating of
Gillette India Limited (GILLETTE) is an Indian company that was incorporated in 1965 and is headquartered in Mumbai, India. GILLETTE is a subsidiary of Procter & Gamble, one of the world’s largest consumer goods companies. GILLETTE is a leading manufacturer and marketer of shaving products in India. The company’s products include razors, blades, shaving foam, more about Gillette India Limited (GILLETTE)

Price986.15 -1.35 (-0.14%)52 Week High1,102.05
ISININE102D0102852 Week Low793.85
IndustryHousehold/Personal CareVolume1.5 M
SectorConsumer Non-DurablesP/E Ratio TTM60.17
Market Cap1 T1 Year Beta0.01
Technical Rating of
Godrej Consumer Products Limited (GODREJCP) is a well-established company with a strong track record in the Indian fast-moving consumer goods (FMCG) industry. The company is a leading manufacturer and marketer of soaps, detergents, shampoos, skin care products, and hair care products in India. GODREJCP has a manufacturing plant in Maharashtra and a sales and distribution more about Godrej Consumer Products Limited (GODREJCP)

Price2,482.45 9.10 (0.37%)52 Week High2,769.65
ISININE030A0102752 Week Low2,393.00
IndustryHousehold/Personal CareVolume1.2 M
SectorConsumer Non-DurablesP/E Ratio TTM56.67
Market Cap5.8 T1 Year Beta0.07
Technical Rating of
Hindustan Unilever Limited (HUL) is an Indian multinational consumer goods company headquartered in Mumbai, India. It was founded in 1933 and is a subsidiary of Unilever. HUL has a wide range of products, including: Personal care products: HUL produces a variety of personal care products, including soap, shampoo, toothpaste, and deodorant. Home care products: HUL more about Hindustan Unilever Limited (HINDUNILVR)

Price21.20 -0.35 (-1.62%)52 Week High28.00
ISININE544H0101452 Week Low13.60
IndustryHousehold/Personal CareVolume33,049
SectorConsumer Non-DurablesP/E Ratio TTM
Market Cap1.4 B1 Year Beta0.24
Technical Rating of
JHS Svendgaard Laboratories Limited (JHS) is an Indian company that manufactures and sells oral care products. It is headquartered in Mumbai, Maharashtra. The company was founded in 1986 by Shri Jayant Parekh. JHS is a leading player in the Indian oral care market with a product portfolio that includes toothbrushes, toothpastes, mouthwashes, and dental floss. more about JHS Svendgaard Laboratories Limited (JHS)

Price349.05 -1.95 (-0.56%)52 Week High390.00
ISININE668F0103152 Week Low174.55
IndustryHousehold/Personal CareVolume604.7 T
SectorConsumer Non-DurablesP/E Ratio TTM44.61
Market Cap128.7 B1 Year Beta0.43
Technical Rating of
Jyothy Labs Limited (JYOTHYLAB) is an Indian consumer goods company that manufactures and sells a variety of household and personal care products. The company is headquartered in Chennai, Tamil Nadu. The company was founded in 1982 by C.K. Ranganathan. JYOTHYLAB is a well-managed company with a strong track record of financial performance. The company has more about Jyothy Labs Limited (JYOTHYLAB)

Price349.30 0.90 (0.26%)52 Week High400.25
ISININE587G0101552 Week Low239.45
IndustryHousehold/Personal CareVolume8,519
SectorConsumer Non-DurablesP/E Ratio TTM
Market Cap4.6 B1 Year Beta1.45
Technical Rating of
Kaya Limited (KAYA), a leading provider of beauty and wellness products in India, has reported strong financial results for the fiscal year 2022-2023. The company’s revenue grew by 20% year-over-year to ₹10,000 crore ($120 million), while its net profit grew by 30% to ₹2,000 crore ($24 million). KAYA’s strong financial performance was driven by the more about Kaya Limited (KAYA)

Price573.90 -0.75 (-0.13%)52 Week High591.75
ISININE196A0102652 Week Low462.70
IndustryHousehold/Personal CareVolume871.8 T
SectorConsumer Non-DurablesP/E Ratio TTM54.64
Market Cap743 B1 Year Beta0.27
Technical Rating of
Marico Limited (MARICO) is an Indian fast-moving consumer goods (FMCG) company that was founded in 1945 and is headquartered in Mumbai, Maharashtra. The company manufactures and markets a variety of personal care, hair care, and home care products. MARICO has a strong brand portfolio that includes brands such as Parachute, Nihar, Fair & Lovely, and more about Marico Limited (MARICO)

Price17,677.70 514.35 (3.00%)52 Week High17,819.95
ISININE179A0101452 Week Low13,140.10
IndustryHousehold/Personal CareVolume8,695
SectorConsumer Non-DurablesP/E Ratio TTM100.77
Market Cap556.8 B1 Year Beta0.57
Technical Rating of
Procter & Gamble Hygiene and Health Care Limited (PGHH), a leading manufacturer of hygiene and health care products in India, has reported a profit for the quarter ended March 2023. The company’s net profit was ₹100 crore, compared to a profit of ₹80 crore in the same quarter last year. PGHH’s profit was driven by more about Procter & Gamble Hygiene and Health Care Limited (PGHH)

Dabur India Limited (DABUR) Related Indices

The Nifty Next 50 Index represents 50 companies from Nifty 100 after excluding the Nifty 50 companies. The Nifty Next 50 Index represents about 12% of the free float market capitalization of the stocks listed on NSE as on March 31, 2016. Nifty Next 50 was introduced on January 1, 1997, with base date and base value being November 03, 1996 and 1000 respectively and a base capital of 0.43 trillion. The total traded value for the last six months March 2016 of all index constituents is approximately 13% of the traded value of all stocks on NSE.Effective May 04, 2009, Nifty Next 50 is computed using Free Float Market Capitalisation weighted method, wherein the level of index reflects the free float market capitalisation of all stocks in Index. more about Nifty Next 50

Nifty 100 is a diversified 100 stock index representing major sectors of the economy. Nifty 100 represents top 100 companies based on full market capitalisation from Nifty 500. This index intends to measure the performance of large market capitalisation companies. The Nifty 100 tracks the behavior of combined portfolio of two indices viz. Nifty 50 and Nifty Next 50. The Nifty 100 Index represents about 77% of the free float market capitalization of the stocks listed on NSE as on March 31, 2016. The total traded value for the last six months ending March 2016 of all index constituents is approximately 61% of the traded value of all stocks on the NSE. more about Nifty 100

The Nifty 200 Index is designed to reflect the behaviour and performance of large and mid market capitalization companies . Nifty 200 includes all companies forming part of Nifty 100 and Nifty Full Midcap 100 index. The Nifty 200 Index represents about 86% of the free float market capitalization of the stocks listed on NSE as on March 31, 2016. The total traded value for the last six months ending March 2016, of all index constituents is approximately 77% of the traded value of all stocks on NSE. more about Nifty 200

The Nifty Total Market Index will track the performance of 750 stocks covering large, mid, small and microcap segments via a single index. All stocks that are part of Nifty 500 index and Nifty Microcap 250 index form part of the Nifty Total Market index. Stock’s weight is based on its free-float market capitalization. more about Nifty Total Market

The Nifty 500 represents the top 500 companies based on full market capitalisation and average daily turnover from the eligible universe. It represents about 94% of the free float market capitalization of the stocks listed on NSE as on March 31, 2016. The total traded value for the last six months ending March 2016, of all Index constituents is approximately 87% of the traded value of all stocks on NSE. more about Nifty 500

The Nifty500 Multicap 50:25:25 index aims to measure the performance of portfolio of large, mid and small market capitalisation companies with target weights assigned to each size segment. The Nifty500 Multicap 50:25:25 index includes all companies that are part of Nifty 500 index. While in Nifty 500 index, the total weight of each size segment (Large, Mid and Small cap) is based on the total free float market capitalisation of all stocks falling within that size segment, in Nifty500 Multicap 50:25:25 index, the total weight of each of these three segments (Large, Mid and Small cap) is fixed at 50%, 25% and 25% respectively at every quarterly rebalance date. The weight of 50%, 25% and 25% for the three segments are further divided amongst stocks within the respective segment based on underlying stock’s free float market capitalisation. Weight of each size segment may be different from its respective capped level between two rebalance dates due to price drift of underlying stocks. more about Nifty500 Multicap 50:25:25

The Nifty LargeMidcap 250 reflects the performance of a portfolio of 100 large cap and 150 mid cap companies listed on NSE, represented through the Nifty 100 and the Nifty Midcap 150 index respectively. The aggregate weight of large cap stocks and mid cap stocks is 50% each and are reset on a quarterly basis. The index has a base date of April 01, 2005 and a base value of 1000. The Index is reconstituted on a semi-annual basis along with Nifty 100 and Nifty Midcap 150 index. more about Nifty LargeMidcap 250

The Nifty FMCG Index is designed to reflect the behavior of FMCGs Indian companies from (Fast Moving Consumer Goods) (FMCG) sector. It incudes companies that deals with those goods and products, which are non-durable, mass consumption products and available off the shelf. more about Nifty FMCG

The Nifty India Consumption Index is designed to reflect the behavior and performance of a diversified portfolio of companies representing the domestic consumption sector which includes Consumer Non-durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc. and where more than 50% of company’s revenue comes from domestic markets (other than export income). more about Nifty India Consumption

The Nifty Non-Cyclical Consumer Index aims to track the performance of portfolio of stocks that broadly represent the Non-Cyclical Consumer theme within the basic industries like Consumer Goods, Consumer Services, Telecom, Services, Media, Entertainment, Publication, Textiles sectors etc. The largest 30 stocks from eligible basic industries are chosen based on their 6-month average free-float market capitalization as on the cutoff dates at the end of January and July. The weight of the stocks in the index is based on their free-float market capitalization with weight of a stock in the index capped at 10% more about Nifty Non-Cyclical Consumer

The Nifty100 Equal Weight Index comprises of same constituents as Nifty 100 Index (free float market capitalization based Index). As the name suggests, all stocks in Nifty 100 index are assigned equal weight at the time of rebalancing. more about Nifty100 Equal Weight

The Nifty100 Low Volatility 30 index tracks the performance of 30 stocks in Nifty 100 with the lowest volatility in last one year. Weights of securities in the index are assigned based on the volatility values. Security with lowest volatility in the index is assigned the highest weight. more about Nifty100 Low Volatility 30

The index is designed to reflect the performance of a portfolio of stocks selected based on top combination of Alpha and Low Volatility. It intends to counter the cyclicality of single factor index strategy and provides investors a choice to take exposure to multiple factors through a single index product The Index consists of 30 stocks selected from Nifty 100 and Nifty Midcap 50. more about Nifty Alpha Low Volatility 30

The index is designed to reflect the performance of a portfolio of stocks selected based on top combination of Alpha, Quality and Low-Volatility. It intends to counter the cyclicality of single factor index strategy and provides investors a choice to take exposure to multiple factors through a single index product. The Index consists of 30 stocks selected from Nifty 100 and Nifty Midcap 50. more about Nifty Alpha Quality Low Volatility 30

The index is designed to reflect the performance of a portfolio of stocks selected based on top combination of Alpha, Quality, Value and Low-Volatility. It intends to counter the cyclicality of single factor index strategy and provides investors a choice to take exposure to multiple factors through a single index product. The Index consists of 30 stocks selected from Nifty 100 and Nifty Midcap 50. more about Nifty Alpha Quality Value Low Volatility 30

Nifty Low Volatility 50 Index tracks the performance of the least volatile securities listed on NSE In order to make the 50 stock index investible and replicable, criteria’s such as turnover and free float market capitalization are applied while selection of securities. Weights of securities in the index are assigned based on the volatility values. Least volatile security in the index gets the highest weight. more about Nifty Low Volatility 50

Nifty100 Quality 30 Index aims to cover companies which have durable business model resulting in sustained growth. This index consists of 30 companies which are selected based on low gearing, high return on equity and profit growth. Stocks are selected based on quality score which is calculated on the basis of Return on equity (ROE), Debt equity ratio (D/E) and Average change in EPS. more about Nifty100 Quality 30

The index is designed to reflect the performance of a portfolio of stocks selected based on top combination of Quality and Low Volatility. It intends to counter the cyclicality of single factor index strategy and provides investors a choice to take exposure to multiple factors through a single index product. The Index consists of 30 stocks selected from Nifty 100 and Nifty Midcap 50. more about Nifty Quality Low Volatility 30

Nifty200 Quality 30 Index aims to cover companies which have durable business model resulting in sustained growth. This index consists of 30 companies selected from Nifty 200 index, based on Return on Equity, Debt equity ratio and Variability in EPS in the previous five years. The index series has a base date of April 01, 2005 and a base value of 1000. more about Nifty200 Quality 30

News Related to Dabur India Limited (DABUR)

  1. Sep 18, 2023, 12:58 am

    Dabur Aims for Double-Digit Growth with Six-Pillar Strategy Dabur is aiming to grow its business much faster in the next few years and improve its profits. It is doing this by focusing on its Healthcare and Food & Beverages businesses and by making its operations more efficient. We believe that Dabur is a good investment and recommend that investors buy the stock.

  2. Sep 11, 2023, 12:57 am

    Nifty50 Continues Bullish Run, 20,000 in Sight The Indian stock market is expected to continue its upward momentum in the coming sessions, with the Nifty50 index likely to touch the 20,000 level. However, some consolidation is also possible before the index reaches this level. The market is currently in a bullish trend, with the Nifty50 forming higher highs and higher lows. The immediate support for the index is at 19,700, and the key resistance is at 19,865. Investors should monitor the key factors that could impact the market, such as the outcome of the US Federal Reserve's policy meeting and the release of key economic data.

More News >>

Leave a Reply

Your email address will not be published. Required fields are marked *

Stock Sectors
Stock Industries