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Dabur India shares gained in morning trade on Monday even as Nomura raised the price target for the share.
Shares in Dabur India Ltd gained 1.9 per cent as Nomura raised the price target for it to Rs 296 from Rs 251. The firm also retained the 'buy' rating on the share.
Dabur is one of the conviction 'buy' ideas in the mid-cap space category within the sector, Nomura said.
The diversified portfolio of the company should continue to deliver consistent and profitable performance, it said.
The company on Friday reported a 16 per cent increase in December quarter net profit.
Dabur has consistently outperformed its domestic peers on volume growth over the past few quarters, Nomura said.
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