Shrikant Chouhan of Kotak Securities Limited has a buy call on Colgate-Palmolive (India) Ltd. with a target price of Rs 1393.0. The current price of Colgate-Palmolive (India) Ltd. is Rs 1349.75 Time period given by the analyst is Intra Day when Colgate-Palmolive (India) Ltd. price can reach defined target. . Shrikant Chouhan recommended to keep a stoploss at Rs 1330 .
Colgate-Palmolive (India) Ltd., incorporated in 1937, has a market cap of Rs 36705.82 crore.
Investment Rationale
Double bottom kind of formation near important replacement level.
Financials
For the quarter ended December 31, 2019, the company reported standalone sales of Rs 1136.02 crore, down -6.36 per cent from last quarter sales of Rs 1213.21 crore and up 4.07 per cent from last year same quarter sales of Rs 1091.63 crore. The company reported net profit after tax of Rs 199.10 crore in the latest quarter.
Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of March 31, 2020, while FIIs held 16.19 per cent, DIIs 10.14 per cent and public and others 22.65 per cent.