Sell Godrej Consumer Products, target Rs 1,220: Elara Capital

INSUBCONTINENT EXCLUSIVE:
godrej consumer products share price: Sell Godrej Consumer Products, target Rs 1,220: Elara Capital - The TheIndianSubcontinentNever
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NOWETMarkets.com|Aug 21, 2018, 03.18 PM ISTThe current market price of Godrej Consumer Products is Rs 1,384.45.Elara Capital has a sell call
on Godrej Consumer Products with a target price of Rs 1,220. The current market price of Godrej Consumer Products is Rs 1,384.45. Time
period given by the brokerage is one year when Godrej Consumer Products price can reach the defined target
"We estimate GCPL to report 11 per cent/15 per cent sales/profit growth respectively in FY18-21e period led by 1) high single digit volume
growth led by India and Indonesia through reach expansion 2) 35-40 per cent of the growth to be contributed through new product launches as
they have dialed up the intensity 3) premiumisation across countries to improve operating margins 4) more automation of plants to reduce
labor costs over time
We re-rate the stock to 1-yr fwd P/E multiple of 40x (Earlier: 36x) due to recovery in both intrinsic and extrinsic factors for GCPL and due
to its brand strength to recover from price led competitive pressures
on the stock," Elara Capital said in a report. Read this article in :HindiReduce Voltas, target Rs 510: Elara CapitalReduce CESC, target Rs
970: Elara CapitalAccumulate Cyient, target Rs 900: Elara CapitalBuy Apollo Tyres, target Rs 336: Elara CapitalCommenting feature is
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