Buy Godrej Consumer Products, target Rs 1360: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Godrej Consumer Products Ltd. with a target price of Rs 1360. The current market price of Godrej Consumer Products Ltd. is Rs 1331.2 Time period given by analyst is Intra Day when Godrej Consumer Products Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 1315. Godrej Consumer Products Ltd., incorporated in 2000, is a largecap company with a market cap of Rs 90713.83 crore.

Godrej Consumer Products Ltd. key Products/Revenue Segments include Personal Care which contributed Rs 5256.36 Crore to Sales Value (98.16 % of Total Sales) and Other Operating Revenue which contributed Rs 98.38 Crore to Sales Value (1.83 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 2448.52 Crore, down -1.84 % from last quarter Sales of Rs 2494.41 Crore and up 12.69 % from last year same quarter Sales of Rs 2172.75 Crore Company has reported net profit after tax of Rs 404.81 Crore in latest quarter. The company’s top management includes Mr.Adi Godrej, Mr.Aman Mehta, Mr.Bharat Doshi, Mr.Jamshyd N Godrej, Mr.Nadir Godrej, Mr.Narendra Ambwani, Mr.Omkar Goswami, Mr.Pirojsha Godrej, Mr.Vivek Gambhir, Ms.Ireena Vittal, Ms.Ndidi Nwuneli, Ms.Nisaba Godrej, Ms.Pippa Tubman Armerding, Ms.Tanya Dubash. Company has BSR & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 681,329,518 shares outstanding.