Buy Colgate-Palmolive (India), target Rs 1,265: Vaishali Parekh

Vaishali Parekh of Prabhudas Lilladher has a buy call on Colgate-Palmolive (India) with a target price of Rs 1,265.

The current market price of Colgate-Palmolive (India) is Rs 1,182.55.

Time period given by the analyst is a week when Colgate-Palmolive (India) price can reach the defined target.


Vaishali Parekh recommended keeping a stop loss at Rs 1,150.

"The stock has witnessed a decent correction from the peak of Rs 1,268 and has signs of bottoming out at around the significant 50-DMA which lies at Rs 1,172 levels and a higher bottom formation pattern is in the making. The RSI also has touched near the oversold zone and we anticipate a revival from here on in the coming days. With good volume activity witnessed, we recommend a buy in this stock for an upside target of Rs 1,265 keeping a stop loss of Rs 1,150," said Vaishali Parekh in a report.