28 Nov , 2024 By : Debdeep Gupta
Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes Colgate, real estate stock, and auto stocks.
Colgate
Goldman Sachs On Colgate
Sell Call, Target At `2,750/Sh
Mgmt Presented Update On Growth Strategy, Which Has Remained Consistent In Last Past 12 Mths
Growth Story Includes Driving Per Capita Consumption For Toothpaste By Increased Double Brushing
Co Has Made Progress On Most Of Key Drivers Over Past 12 Months
Several Lined Up Initiatives Are Going Ahead For The Company
Jefferies On Colgate
Buy Call, Target At `3,570/Sh
CEO Focus Was Firmly On Growth As Aim Is To Grow Ahead Of Category & FMCG Peers
Segments Beyond Oral Are Also A Focus, With Plans To Bring Products From Parent's Stable
Interventions Cover The Entire Value Chain (Product, Packaging, Ads, Distribution & More)
Concern Is On Consumption Trends With Weakening Urban & Flattening Rural Growth
Citi On Colgate
Sell Call, Target At `3,000/Sh
Mgmt Presentation Alluded To Softening Category Growth In Urban Markets In Near-term
Over Long-term, Mgmt Reiterated Focus On Market Development In Oral Care In India
Key Initiatives Include Digital Dental Screening Driving Increased Awareness Towards Oral Health
Expect Earnings Growth To Moderate In the Near-term Given Soft Demand Trends
Near-term Earnings Growth Expected On Advertising Invsts & High Profitability In The Base
HSBC On Real Estate
Q2 Appeared Bit Slow On Bookings, Not On Account Of Demand But On Lack Of Inventory
Approvals Remain Key To Meet FY25 Guidance
New Land Acquisitions A Necessity To Sustain Growth Momentum
Maintain Buy Call On Godrej Properties, DLF, Prestige Estates & Sobha
Maintain Hold Call On Oberoi Realty
HSBC On Autos
Working Towards Decarbonisation, India’s PV Industry Is Likely To Be Multi-powertrain
Subsidy (Lower Tax) Burden On EVs Is Too High For Government, Hence Unsustainable
Hybrids’ WTW Emissions Are Lower Than EVs, Which May Take 7-10 Years For Break Even
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