Colgate-Palmolive hits an all-time high after reporting good December quarter results; brokerages revise targets
The large-cap companys profit after tax for the December quarter was up by 36 per cent, while the revenue from operations jumped by 8 per cent. The margins saw growth of 33.5 per cent.
Colgate-Palmolive Share Price: Colgate-Palmolive hit an all-time high of Rs 2579.85 on BSE on Tuesday (January 23, 2024) after the consumer products company reported good December-quarter results.
The stock of the company that closed at Rs 2534.15 on Monday evening started trading at its all-time high of Rs 2579.85 on Tuesday morning.
The stock was trading lower by 1.45 per cent, or Rs 36.85 at Rs 2497.30 at 11:07 am on Tuesday.
Colgate-Palmolive Q3 results
The large-cap company's profit after tax for the December quarter was up by 36 per cent, while the revenue from operations jumped by 8 per cent.
The margins saw growth of 33.5 per cent.
What brokerage says about Colgate-Palmolive
Jefferies has maintained a buy call, raising the target to Rs 2930 from Rs 2820
CLSA has maintained a sell call on the firm, raising the target to Rs 2001 from Rs 1932.
Citi has maintained a sell call with a raise in the target price to Rs 2000 from Rs 1730.
HSBC has maintained a buy call, raising its target price to Rs 2900 from Rs 2650.
JP Morgan has maintained a neutral call.
Goldman Sachs has maintained a sell call on the firm, raising the target to Rs 1900 from Rs 1750.
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