Buy Godrej Consumer Products, target price Rs 1110: Yes Securities

Yes Securities has buy call on Godrej Consumer Products with a target price of Rs 1110. The current market price of Godrej Consumer Products is Rs 1039.05.

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 106205.65 Crore) operating in FMCG sector.


Godrej Consumer Products Ltd. key Products/Revenue Segments include Home Care, Personal Care, Hair Care, Other Operating Revenue for the year ending 31-Mar-2021.


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
Snapping a five-week losing streak, the stock defended levels of Rs 1,000 during the recent decline. A positive follow-up is likely to lift the stock above Rs 1,100.


Promoter/FII Holdings
Promoters held 63.23 per cent stake in the company as of 30-Jun-2021, while FIIs owned 26.97 per cent, DIIs 1.22 per cent.