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HomeNewsBusinessStocksBuy Procter and Gamble; tgt of Rs 6800: Firstcall Research

Buy Procter and Gamble; tgt of Rs 6800: Firstcall Research

Firstcall Research is bullish on Procter and Gamble and has recommended buy rating on the stock with a target price of Rs 6800 in its research report dated October 5, 2015.

October 06, 2015 / 11:19 IST
     
     
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    Firstcall's reserach report on Procter and GambleP&G is one of the largest and amongst the fastest growing consumer goods companies in India. Established in 1964, P&G India now serves over 650 million consumers across India. The company’s presence pans across the Beauty & Grooming segment, the Household Care segment as well as the Health & Well Being segment, with trusted brands that are household names across India. These include Vicks, Ariel, Tide, Whisper, Olay, Gillette, Ambipur, Pampers, Pantene, Oral-B, Head & Shoulders, Wella and Duracell. Superior product propositions and technological innovations have enabled P&G to achieve market leadership in a majority of categories it is present in. P&G India is committed to sustainable growth in India, and is currently invested in the country via its five plants and over nine contract manufacturing sites, as well as through the 26,000 jobs it creates directly and indirectly. P&G operates under three entities in India - two listed entities “Procter & Gamble Hygiene and Health Care Limited” and ‘Gillette India Limited’, as well as one 100% subsidiary of the parent company in the U.S. called ‘Procter & Gamble Home Products’.We recommend ‘BUY’ in this particular scrip with a target price of Rs.6800.00 for Medium to Long term investment.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    first published: Oct 6, 2015 11:19 am

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