FMCG Major Soars 8.31% In 30 Days, Motilal Oswal Recommends Buy With TP Of Rs 1210

Motilal Oswal has assigned buy call to large cap stock operating in FMCG sector, Godrej Consumer Products with target price of Rs 1210 apiece. Godrej Consumer shares gained 8.31% in last 30 days and soared 22.36% year-to-date.

If you buy Godrej Consumer shares at the last trading price of Rs 1093.25 (as on December 26, 2023), you can get potential gain of 10.68%. Godrej Consumer stock gained 1.80% intraday to end at Rs 1093.25 per share. Check details below:

Godrej Consumer Products Valuation: According to Motilal Oswal, "GCPL has been progressing well toward improving its India business sales growth in recent years. Disruptive innovations, access packs, and higher but concentrated ad spending should result in consistently healthy growth in this high-margin and high-ROCE domestic business. We reiterate our BUY rating with a TP of INR1,210 (based on 45x Sep'25E EPS) given robust earnings growth prospects and expected improvements in return ratios."

Godrej Consumer Products Stock Outlook & Return: The last trading price of Godrej Consumer Products share on BSE is Rs 1093.25 apiece. Godrej Consumer Products share's 52-week high price is quoted at Rs 1101.55 apiece and 52-week low price is quoted at Rs 860.90 per share, respectively. Godrej Consumer Products shares jumped 24% in last 1-year, rallied 13% in last 2-years, and offered return of 51% in last 3-years.

Godrej Consumer Products Financials: The company for the July to September quarter on November 1, 2023 declared its financial results. It announced its profit at Rs 432.8 crore for the quarter under consideration. Its revenue for soared 6% for the quarter under review and margin soared 360 basis points to 19.6%. It also declared an interim dividend of Rs 5 per share for the financial year 2023-24.

Godrej Consumer Products About: Godrej Consumer Products Limited is engaged in the manufacturing of personal care, hair care, household care and fabric care products, among others/ Its products include toilet soaps, cosmetics, shaving creams, talcum powder, household cleaners and fabric detergents.

Disclaimer: The stocks have been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.