Colgate Palmolive can test Rs 730: Gautam Vora

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Colgate Palmolive can test Rs 730: Gautam Vora

Colgate Palmolive can test Rs 730, says Gautam Vora, Director of ULJK securities.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Gautam Vora See what other Experts & Brokerages are saying about Colgate See messages about Colgate Colgate BSE | NSE 09/02/12 Are Mutual Funds betting on Colgate?

Colgate Palmolive can test Rs 730, says Gautam Vora , Director of ULJK securities.

Vora told CNBC-TV18, "Right now the only one buy that I have today is Colgate Palmolive which I think is a relatively defensive stock. But it is at about Rs 687 the last time I checked. We have a target of about Rs 730 on this stock. It looks relatively strong, it is above its 5 day moving average (DMA) and there is a decent amount of accumulation, so we think that Colgate Palmolive can go to about Rs 730 from here."

Disclosure: I do not have a personal holding in the above stock/sector but may have recommended them to clients.