Colgate Palmolive may test Rs 1130: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I like the structure of Colgate Palmolive. Yesterday we have seen a good move. So if one wants to buy for short-term, just manage the time frame, have a medium-term to long-term. In the short-term it can climb to levels closer to Rs 1,130 zones. So it is good for short-term but also good for medium to long-term."

At 15:07 hrs Colgate Palmolive (India) was quoting at Rs 1,072.75, down Rs 10.20, or 0.94 percent.

The share touched its 52-week high Rs 1,132.90 and 52-week low Rs 892.80 on 03 July, 2017 and 27 December, 2016, respectively.