Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1125.50
Change Change %
13.75 1.24%

Updated:15 Nov, 2018, 15:55 PM IST

BSE
1124.05
Change Change %
12.25 1.10%

Updated:15 Nov, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
01-11-2016 Sell 958.60 920.00
N/A
Target Hit Long (1Y)
01-11-2017

Religare recommends sell on Colgate Palmolive

Combination of weak macro conditions (leading to mid-single-digit volume growth) and elevated advertising spends to counter competition makes the risk-reward profile unattractive, says Religare. Valuations at 38 times FY18 estimated EPS seems rich considering the slow 11.3 per cent earnings CAGR. Religare has cut its estimates marginally to bake in lower EBITDA margins and it maintains sell rating on the stock for target price of Rs 920.

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