Prabhudas Lilladher has an “Accumulate” rating on Colgate Palmolive with a price target of Rs 2,170 against its last close price of Rs 2,031, reflecting an upside of 7 per cent. According to the report, Colgate has sustained above average industry growth and has significantly increased the gap with the competition by launching new products (Sensitive pro Enamel Repair, Active salt with Neem, Sugar Acid neutralizer) , aggressive advertising, sales promotion and new production facilities. All this is expected to lead to a 12.9 per cent growth in sales and 20 per cent increase in earning per share to Rs 49.3 in 2015-16.
The stock has gained 27 per cent in the last one year compared to the BSE Sensex which is up 11.3 per cent.
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Karvy Research has a “Hold” rating on Lovable Lingerie with a price target of Rs 320 per share against its last close price of Rs 291, reflecting a gain of 10 per cent.
The company is a focused player in the women innerwear segment of the Indian apparel industry, with a strong brand recall value. As there are very few organized players in this industry in India, Lovable has immense opportunities in this sector. Increase in brand awareness, women empowerment and a surge in increase in working women in India augurs well for the company as higher disposable income will lead to an increase in women spending more on branded lifestyle products.
The stock has fallen by 22 per cent in the last one year against the 11.3 per cent gain in the Sensex.
Kotak Securities has a Reduce rating on Mindtree with a target price of Rs 1,300 per share against its last close price of Rs 1,267 per share.
For the June quarter, Mindtree reported an excellent results with a 4.8 per cent sequential revenue growth to US $ 155 mn lead by core areas of retail, CPG and financial services. Further, the company has also announced two acquisitions which appear to be a good fit for the company and should boost revenues.
However, the report highlights certain concerns that the company should guard against 1) downside of high attrition, 2) continued deterioration in growth in Europe.
Overall, the stock has gained 45 per cent in the last one year against the 11.3 per cent gain in the Sensex.
Emkay Global has a BUY rating on Zee Entertainment with a target price of Rs 420 per share against the last close price of Rs 377 per share, reflecting an upside of 11.4 per cent.
The company reported a 27 per cent growth in revenues and 16 per cent growth in net profit for the June quarter. And the research firm expects this growth to continue. Improvement in economic activity and increased ad spends by FMCG and e-commerce companies would drive advt. growth.
Further, Zee’s strategy to aggressively invest in content and launch of new channel will strengthen the bouquet. Overall, Zee Ent is expected to clock 15 / 19 per cent growth in revenues/ net profit CAGR during 2015- 17.
The stock has risen 25.7 per cent in the last one year against the 11.3 per cent gain in the Sensex.
(Disclaimer: Recommendations are from various brokerage/research houses and experts. The Quint does not endorse, or take responsibility for any investment decision based on the above recommendations)
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