BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
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.