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    Overweight Colgate-Palmolive (India) Ltd., target Rs 985.0 : JP Morgan

    Synopsis

    JPMorgan maintains overweight rating on Colgate Palmolive post June quarter results with a 12-month target price of Rs 985.

    JP Morgan has Overweight call on Colgate-Palmolive (India) Ltd. with a target price of Rs 985.0. The current market price of Colgate-Palmolive (India) Ltd. is 960.9. Time period given by analyst is year, when Colgate-Palmolive (India) Ltd. price can reach defined target. The revenue growth beat was led by improved volume growth and market share gains. Improved market share and volume growth trajectory will help re-rate the stock in future. The global investment bank expects growth rates to improve in coming quarters helped by market share improvement. The cost optimization efforts will aide margin growth.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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