Buy Godrej Consumer for a target price of Rs 365 says Anand Rathi Securities
June 8, 2010 by admin
Filed under Brokerage Recommendations, General
Anand Rathi Securities in its research report dated June 8, 2010 has come out with a buy recommendation on the stock Godrej Consumer Products with a price target of Rs 365.
Anand Rathi in its Research Report says “Godrej Consumer (GCP) indicated that most of its acquisitions have been completed. Ahead, it may yet consider select opportunities, but is not likely to acquire any company for the next two years.
It clarified that these acquisitions happening within such a short span was a mere co-incidence. Wants to be an ‘emerging markets FMCG MNC. “
The Research Report further says “Separate management teams for different countries. Payback of around five years. GCP indicated a continuing aggressive focus on domestic businesses. It wishes to expand into other countries as inorganic growth opportunities in India are limited. It also indicated that it is investing in developing new segments in India such as deodorants, hand wipes and sanitizers.”
