Dabur India is in the limelight today morning. The stock is currently up almost 2.5% at Rs.165, its current intra day high. Its 52-week high stands at Rs.184.90.

The stock is up in the green following its announcement on Friday that its Board has approved the increase of FII limit from the current 24% to 30% of the paid-up capital. Currently, FIIs hold around 21% shares of the company. Plus, there is presently a lot of fancy on the bourses for select FMCG stocks and that being the case, this increase in FII limit at this juncture, augurs well for the company’s stock price.