Accumulate Colgate Palmolive: Parag Parikh

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Parag Parikh Financial Advisory Services has recommended an accumulate rating on Colgate Palmolive (India) in its December 2, 2008 research report. "PPFAS research has valued the stock on DCF and Relative valuation methodologies at Rs 435. In view of its dominant positioning in oral care category, significant free cash flow generated, high dividend yield, long term growth prospects and low penetrated oral care industry, significant rural presence, coupled with enhanced profitability, we recommend an Accumulate," says Parag Parikh Financial Advisory Services' research report.

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