This subsidiary will engage in the business of manufacturing, sale and export of consumer care products.Dabur India announced that Herbodynamic India has been incorporated as a wholly owned subsidiary of the company, in India.
The company s board in its meeting held on 29 January 2021 had approved incorporation of a wholly owned subsidiary in India for engaging in the business of manufacturing, sale and export of consumer care products.
On the technical front, the stock s RSI (relative strength index) stood at 53.534. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading between its 50-day moving average (DMA) placed at 526.54 and its 200-day moving average (DMA) placed at 503.56.