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 maintains sell on Godrej Consumer Products
Godrej Consumer Products reported 7 per cent rise in net sales against our estimates of 12 per cent rise. However, net profit of the company was in-line with estimates. Current valuation of 36 times FY18 estimated earnings make the risk-reward unfavourable for the stock.