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Published on 8/01/2021 12:45:24 PM | Source: Sushil Finance Ltd

Buy Colgate Palmolive (India) Ltd For Target Rs.1,640 - Sushil Finance

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We had initiated coverage on Colgate Palmolive (India) Ltd with a Buy rating on May 13, 2020 at Rs.1,339 for a target price of Rs.1,640 showcasing an upside of ~23%.

With the recent run-up in the share price the stock has generated returns of ~21%. Hence, we advise investors to start booking profits as the stock moves towards our target price. We change our rating to NEUTRAL & close our call.

 

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