CLSA has kept outperform call on Godrej Consumer Products with a target at Rs 950 per share.
The high teen growth in India & strategic actions in Africa fructifying well. In India revenue estimates 18% sales growth with 11% branded volume growth. The international business revenue growth of 29% aided by strong growth in GUAM.
Godrej Consumer Products touched a 52-week high of Rs 954.50 and was quoting at Rs 951.95, up Rs 27.20, or 2.94 percent.
News source:- Moneycontrol