Buy Gillette India, target of Rs 1036-1080: HDFC Securities

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Buy Gillette India, target of Rs 1036-1080: HDFC Securities

Buy Gillette India with a a price target of Rs 1,036-1,080, says HDFC Securities' report.

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ALSO READ See previous views by HDFC Securities See what other Experts & Brokerages are saying about Gillette India See messages about Gillette India Gillette India BSE | NSE 31/05/12 Are Mutual Funds betting on Gillette India?

HDFC Securities has recommended a buy rating on Gillette India with a a price target of Rs 1,036-1,080 in its September 2, 2009 research report.

"Looking at its future growth potential we feel, GIL could also trade at 24-25x FY June 10E EPS, which gives us a price target of Rs. 1,036-1,080. Hence we recommend investors to buy this scrip at the current price & average it on dips in the price band of Rs. 800-860 for the above mentioned price target over the next two to three quarters," says HDFC Securities' report.

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