STOCK TIPS

• HOLDING PERIOD – ONE MONTH PLUS

• COLGATE PALMOLIVE

• Present Price – Rs.693.50 ( Buy Above – Rs.705), Projected Price – Rs.760

Colgate’s strong brand portfolio across price points, strong customer connection, an opportunity to expand penetration of oral care in rural markets and favorable margin outlook makes it attractive in FMCG space. Market share gains continue to remain healthy. Market leadership position coupled with a wide product portfolio covering all price points and strong distribution structure has helped it to increase its consumer base substantially over the past few years, reflected in the consistent market share gains as well. Strong brand equity hashelped pricing power for the company too. The stock has been in a strong uptrend and is likely to move up once it crosses the level of Rs.705. The target of the stock works out to Rs.738 and Rs.760. Stop Loss of Rs.684 should be kept.

• CORPORATION BANK

• Present Price – Rs.457.25 ( Buy Above Rs.460)

• Projected Price – Rs.478 and Rs.488

Corporation Bank is one of the most technology efficient and well capitalized banks in the sector with clean asset book. Buying is advised above Rs.460 for a target of Rs.478 and Rs.488. Stop Loss of Rs.444 should be kept.