Can Dabur hold its long-term 15-year old support? Chart check here

Dabur has been trading with a negative bias for more than a month, further its alleged involvement in the illlegal betting app may dent sentiment. However, support at Rs 517 is the key, shows chart.

Shares of Dabur India sank 2.5 per cent to Rs 516.60 on the BSE in Wednesday's intra-day trades despite strong gains in the overall market as the group's name got entangled in the an allleged illegal cricket-betting app controversy.

According to the FIR, filed on November 7, the Mumbai police have registered a complaint against 32 people, including the promoter of the Mahadev app, under various sections of fraud and gambling. Reportedly, the police have named Mohit Burman, chairman of the business group; Gaurav Burman, director of the group; and others in the FIR.

The family said vested interests were behind the