Buy Colgate, price target Rs 1550: CK Narayan

CK Narayan of Chart Advise has a buy call on Colgate-Palmolive (India) Ltd. with a target price of Rs 1550. The current price of Colgate-Palmolive (India) Ltd. is Rs 1500.95. Time period given by the analyst is Intra Day when Colgate-Palmolive (India) Ltd. price can reach defined target. CK Narayan recommended to keep a stop loss at Rs 1490.

Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 40874.00 Crore) operating in FMCG sector.

Colgate-Palmolive (India) Ltd. key Products/Revenue Segments include Personal Care which contributed Rs 4299.89 Crore to Sales Value (99.34 % of Total Sales), Service Income which contributed Rs 25.15 Crore to Sales Value (0.58 % of Total Sales) and Scrap which contributed Rs 3.38 Crore to Sales Value (0.07 % of Total Sales) for the year ending 31-Mar-2018.


For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 1213.21 Crore, up 12.75 % from last quarter sales of Rs 1075.99 Crore and up 4.53 % from last year same quarter sales of Rs 1160.63 Crore. Company has reported net profit after tax of Rs 244.11 Crore in latest quarter.