Buy Colgate-Palmolive (India), target Rs 1305: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Colgate-Palmolive (India) Ltd. with a target price of Rs 1305.0 . The current market price of Colgate-Palmolive (India) Ltd. is Rs 1273.95 Time period given by the analyst is Intra Day when Colgate-Palmolive (India) Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 1260. Colgate-Palmolive (India) Ltd., incorporated in 1937, is a largecap company with a market cap of Rs 34649.61 crore.

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 31-12-2018, the company has reported a Standalone sales of Rs 1091.63 Crore, down -5.95 % from last quarter Sales of Rs 1160.63 Crore and up 6.30 % from last year same quarter Sales of Rs 1026.97 Crore Company has reported net profit after tax of Rs 192.10 Crore in latest quarter. The company’s top management includes Dr.(Ms.)Indu Shahani, Mr.Issam Bachaalani, Mr.M Chandrasekar, Mr.M S Jacob, Mr.Mukul Deoras, Mr.P K Ghosh, Mr.R A Shah, Mr.Vikram Mehta, Ms.Shyamala Gopinath, Ms.Sukanya Kripalu. Company has SRBC & Co LLP as its auditoRs As on 31-12-2018, the company has a total of 271,985,634 shares outstanding.