Review

COLGATE-PALMOLIVE (INDIA) 

Ticker : 500830
FV: Rs1
52-Week H/L: Rs1587.70/1020.10 

We had recommended to buy Colgate-Palmolive (India) Limited in volume no. 35, issue no. 45 (dated Sept 02, 2019), when the scrip was trading at Rs. 1252.60. Colgate-Palmolive (India) Ltd is the fastest growing and one of the oldest companies catering to the personal care products. The product range of the company can be broadly classified into Oral care- toothpastes, toothbrush, tooth powder & tooth whitening products, Personal care - skin care, hair care, body wash, & shaving creams, Household care- Under this segment, it has launched brand AXIOM-a dish washing paste. The company was recommended owing to a healthy balance sheet and the sudden increase in volume against the daily average. As on September 20, 2019, when the FM announced a slash in corporate tax cut, the shares of Colgate Palmolive rallied and, thus, we had recommended our investors to BOOK PROFIT at a gain of 10 per cent.