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Shares of Godrej Consumer Products today gained 1.1 per cent as Kotak has upgraded the stock to “add’’ from “reduce’’.
It has cited recent correction, potential margin expansion, and earnings CAGR of 23 pct over FY15-17 as the key reason for the upgrade.
The stock has 18 “buy’’, 12 “hold’’, and 8 “sell’’ ratings, according to Thomson Reuters Eikon data.
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