Colgate-Palmolive share price: Buy Colgate-Palmolive, target price Rs 1790: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on Colgate-Palmolive (India) with a target price of Rs 1790. The current market price of Colgate-Palmolive (India) Ltd. is Rs 1718.95. Time period given by analyst is Intra Day when Colgate-Palmolive (India) Ltd. price can reach defined target.

Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 46540.82 Crore) operating in FMCG sector.

Financials
For the quarter ended 31-03-2021, the company has reported a Standalone Total Income of Rs 1289.81 Crore, up 3.87 % from last quarter Total Income of Rs 1241.81 Crore and up 18.23 % from last year same quarter Total Income of Rs 1090.90 Crore. Company has reported net profit after tax of Rs 314.66 Crore in latest quarter.



Investment Rationale
Has been forming higher lows from the last four weeks and showing strength on daily frame to head towards new highs

Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of March 31, 2021, while FIIs held 16.9 per cent, DIIs 10.3 per cent and public and others 21.8 per cent.



(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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