Shahina Mukadam, Independent Market Expert is of the view that one may hold Godrej Consumer Products.

Mukadam, Independent Market Expert told CNBC-TV18, "For medium term to long term Godrej Consumer is definitely a good buy. In the short term, I think with the overall market and expensive valuations, it could be slightly in a consolidation phase. After all, once the GST allowed them certain relaxation in terms of percentage in terms of GST, the stock did rally a lot. "

"However, if you looked at the numbers, you see in the last quarter, despite being a challenging quarter, they showed a OPM, their OPM improved by almost 180 basis points which really reflects the strength of their products, very resilient performance and both revenues, sales, as well as PAT was almost up by 10 percent plus. So I think it is a good stock to hold for the medium term to longer term," she said.

 15 Dec 2017, 04:58 AM