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Colgate Palmolive India Ltd BUY TECHNICAL
CMP: `1030 (As on 1st June 2017)
Buy: `1030-1010 PICK
Target Price: `1090-1150
Stop-Loss: `980 Colgate-Palmolive (India) Ltd is a consumer
products company. The company operates
ColPal in two product segments includes oral care,
personal care, home care, and pet nutrition. The
5 ARIHANT CAPITAL ¡ JUNE 2017 oral, personal and home care product segment
is operated through five geographic segments,
which include North America, Latin America,
Europe, Asia Pacific and Africa. The company's
products are marketed in over 200 countries
and territories worldwide. The company has a
presence in Indian oral care market for 75 years
and it enjoys strong brand equity. It markets its
products, like toothpaste, toothpowders and
toothbrushes, under the brand name ‘Colgate’ and
personal care products, under the brand name
‘Palmolive’. Other products include personal care
products like shower gels, shower creams, toilet
soaps, liquid hand washes, and shaving creams
mostly under the Palmolive brand. The company,
through its Hill's pet nutrition segment (Hill's),
manufactures pet nutrition products for dogs and
cats
Technical Outlook:
On the weekly chart, the stock has witnessed
strong consolidation. However the weekly RSI
is gaining momentum and clearly suggests that
stock is likely to continue its upside momentum.
Hence we recommend buying in stock at Rs 1030
or on a decline up to Rs 1010 with a stop loss of
Rs 980 for a target of Rs 1090-1150 levels.
