Buy Godrej Consumer Products, target Rs 1,035: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Godrej Consumer Products with a target price of Rs 1,035.

The current market price of Godrej Consumer Products is Rs 990.75.

Time period given by analyst is intraday when Godrej Consumer Products price can reach defined target.

Manas Jaiswal recommended to keep stoploss at Rs 975.

Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 67490.05 crore) operating in Personal Care sector.

Godrej Consumer Products key Products/Revenue Segments include Personal Care which contributed Rs 5,013.69 crore to Sales Value (98.52 % of Total Sales), Royalty Income which contributed Rs 54.60 crore to Sales Value (1.07 % of Total Sales) and Other Operating Revenue which contributed Rs 20.70 crore to Sales Value (0.40 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of Rs 2,380.49 crore, down .47% from last quarter Sales of Rs 2,391.64 crore and up 11.85% from last year same quarter Sales of Rs 2,128.29 crore.

The company’s top management includes Mr.Adi Godrej, Mr.Aman Mehta, Mr.Bharat Doshi, Mr.D Shivakumar, 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.Tanya Dubash. Company has BSR & Co. LLP as its auditors. As on 31-03-2017, the company has a total of 340,600,816 shares outstanding.

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