The Economic Times
English EditionEnglish Editionहिन्दी
| E-Paper
Search
+

    Neutral on Godrej Consumer, target price Rs 760: Motilal Oswal

    Synopsis

    Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 73639.46 Crore) operating in FMCG sector.

    Promoters held 63.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 26.8 per cent, DIIs 3.1 per cent and public and others 6.9 per cent.

    INSIGHTS

    Read Stock Insights by ET for a quick analysis

    Explore Now
    Motilal Oswal has neutral call on Godrej Consumer with a target price of Rs 760. The current market price of Godrej Consumer Products Ltd. is Rs 735.

    Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 73639.46 Crore) operating in FMCG sector.

    Financials
    For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2893.86 Crore, up 25.21 % from last quarter Sales of Rs 2311.17 Crore and up 10.95 % from last year same quarter Sales of Rs 2608.15 Crore Company reported net profit after tax of Rs 457.87 Crore in latest quarter.
    godrej

    Investment Rationale
    The brokerage maintains Neutral rating with a TP of INR760/share (40x Sep’22E EPS)

    Promoter/FII Holdings
    Promoters held 63.2 per cent stake in the company as of Sept 30, 2020, while FIIs held 26.8 per cent, DIIs 3.1 per cent and public and others 6.9 per cent.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Also Read

    Read before you invest. Insights on Godrej Consumer. Explore Now
    The Economic Times