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Sell Godrej Consumer Products, target Rs 870: Manas Jaiswal

ETMarkets.com|
Sep 26, 2017, 12.13 PM IST
0Comments
Manas Jaiswal of manasjaiswal.com has a sell call on Godrej Consumer Products with a target price of Rs 870.

The current market price of Godrej Consumer Products is Rs 908.75.

Time period given by the analyst is intraday when Godrej Consumer Products price can reach defined target.

Manas Jaiswal recommended to keep a stop loss at Rs 916.

Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 63,522.05 Crore) operating in Personal Care sector.

Godrej Consumer Products key Products/Revenue Segments include Personal Care which contributed Rs 5,013.69 Crore to Sales Value (98.52 per cent of Total Sales), Royalty Income which contributed Rs 54.60 Crore to Sales Value (1.07 per cent of Total Sales) and Other Operating Revenue which contributed Rs 20.70 Crore to Sales Value (0.40 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 2,172.75 Crore, down 8.73 per cent from last quarter Sales of Rs 2,380.49 Crore and up 2.48 per cent from last year same quarter Sales of Rs 2,120.22 Crore.

Company has reported net profit after tax of Rs 225.17 Crore in latest quarter.

The company's top management includes Mr.Adi Godrej, Mr.Aman Mehta, Mr.Bharat Doshi, Mr.D Shivakumar, Mr.Jamshyd N Godrej, Mr.Nadir Godrej, Mr.Narendra Ambwani, Mr.Omkar Goswami, Mr.Pirojsha Godrej, Mr.Vivek Gambhir, Ms.Ireena Vittal, Ms.Ndidi Nwuneli, Ms.Nisaba Godrej, Ms.Tanya Dubash.

Company has BSR & Co. LLP as its auditors.

As on 31-03-2017, the company has a total of 340,600,816 shares outstanding.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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