Colgate-Palmolive ended 1.7% up in trade today at Rs1,118 compared to 0.6% increase in the benchmark Nifty.
We expect the Company to deliver 10.5% and 13.5% CAGR in revenue and earnings, respectively through FY17-19E and have a BUY recommendation on the stock with a Target Price of Rs 1,235.
AUROPHARMA (LTP: 677) BUY
For today’s trade, long position can be initiated at 677-670 for target of Rs 720 with a strict stop loss of Rs 645.
ITC (LTP: 266) BUY
For today’s trade, long position can be initiated at Rs 264-266 for target of Rs 271 with a strict stop loss of Rs 262. Traders are advised
to avoid early morning whipsaw.
MGL (LTP: 1098 )BUY
For today’s trade, long position can be initiated at Rs 1094-1087 for target of Rs 1125 with a strict stop loss of Rs 1079. Traders are
advised to avoid early morning whipsaw.
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About Reliance Securities
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