MARKET EYE-Be selective in Indian consumer goods: Goldman

Tue Nov 20, 2012 1:54pm IST

Related Topics

Stocks

   

* India's consumer good sector is on track to deliver sales and
operating profit at an average compound annual growth rate of 13
percent between 2011 to 2025, Goldman Sachs says in a note dated
on Tuesday.
* Goldman says estimates are based on assuming per capita
consumption in India would reach the levels of China in 2025.
* Within consumer goods, Goldman says skin care, quick service
restaurants and jewellery will exceed sector growth, while
detergents, oral care and personal wash will lag.
* Goldman thus initiates coverage of Jubilant Foodworks
, which operates the Domino's pizza chain in India,
with a 'buy' rating and a 12-month target price of 1,704 rupees.
* The investment bank also maintains 'buy' ratings on cigarette
maker ITC and personal care products maker Marico Ltd
.  
* But the bank initiates Asian Paints with a 'neutral'
rating and a target price of 3,732 rupees, saying the "high
growth and returns" are already reflected in current valuations.
* Goldman maintains Hindustan Unilever and Nestle India
 with 'sell' ratings.


 (abhishek.vishnoi@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Wilful Negligence?

Wilful Negligence?

SEBI piles pressure on Sahara to sell overseas hotels  Full Article 

Indian Economy

Indian Economy

India's fiscal deficit in H1 almost 83 pct of full-year target.  Full Article 

M&M Earnings

M&M Earnings

M&M Q2 net profit down 4 percent, hit by poor monsoon.  Full Article 

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage