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Sell Godrej Consumer, price target Rs 720: CK Narayan

CK Narayan of Chart Advise has a sell call on Godrej Consumer Products Ltd. with a target price of Rs 720.0 . The current price of Godrej Consumer Products Ltd. is Rs 728.55 . CK Narayan recommended to keep a stoploss at Rs 742 .

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 74802.45 Crore) operating in FMCG sector.

Godrej Consumer Products Ltd. key Products/Revenue Segments include Home Care which contributed Rs 2834.32 Crore to Sales Value (49.90 % of Total Sales), Personal Care which contributed Rs 2042.57 Crore to Sales Value (35.96 % of Total Sales), Hair Care which contributed Rs 679.90 Crore to Sales Value (11.97 % of Total Sales), Other Operating Revenue which contributed Rs 122.52 Crore to Sales Value (2.15 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2608.15 Crore, unchanged .00 % from last quarter Sales of Rs Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 413.60 Crore in latest quarter.

The company’s top management includes . Company has BSR & Co. LLP as its auditoRs As on 31-12-2019, the company has a total of 1,022,310,383 shares outstanding.

Source: Economic Times