Motilal Oswal recommended neutral rating on Godrej Consumer with a target price of Rs 665 in its research report dated August 04, 2020.
The company has launched 14 products including soaps, face masks, fruit & veggie wash and dish wash under the three broad hygiene categories.
Jefferies has maintained a 'hold' rating on the stock, with the target at Rs 550 per share.
Zomato will deliver GCPL products directly to consumers at their doorsteps while ShopKirana will deliver them to individual retailers by connecting with GCPL directly, said a statement.
Sakshi Batra does a 3-Point Analysis to find out which stock appears more promising amid the slowdown.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 52 points or 0.44 percent. Nifty futures were trading around 11,977-level on the Singaporean Exchange.
Headlines point to a broad slowdown in the FMCG sector but the numbers and management commentary don’t completely support it. What should investors do?
Market research firm Nielsen has lowered its growth projection for India's FMCG market to 11-12 percent in 2019, down from 13.8 percent in 2018