Buy Godrej Consumer Products, target price Rs 1160: Kotak Securities


Kotak Securities has buy call on Godrej Consumer Products with a target price of Rs 1160. The current market price of Godrej Consumer Products is Rs 1127.4.

Time period given by analyst is Intra Day when Godrej Consumer Products Ltd. price can reach defined target.

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 115080.83 Crore) operating in FMCG sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2915.35 Crore, up 6.12 % from last quarter Total Income of Rs 2747.31 Crore and up 24.10 % from last year same quarter Total Income of Rs 2349.11 Crore. Company reported net profit after tax of Rs 413.91 Crore in latest quarter.

Investment Rationale
Counter is into a strong uptrend; trend indicators MACD and ADX are presenting bullish strength


Promoter/FII Holdings
Promoters held 34.7 per cent stake in the company as of June 30, 2021, while FIIs held 25.1 per cent, DIIs 14 per cent and public and others 26.3 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.



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