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Colgate-Palmolive gains; Credit Suisse upgrades

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Reuters
Last Updated : Sep 16 2014 | 11:05 AM IST

Reuters Market Eye - Colgate-Palmolive (India) Ltd shares up 2.4 percent.

Credit Suisse upgrades to "outperform" from "underperform."

Says consumer goods sector seeing "improving consumption growth, easing input costs and benign competition".

Says Colgate-Palmolive would benefit as competitive risk from Procter & Gamble Hygiene and Health Care Ltd has abated.

Marico Ltd also gains 1.1 percent.

Credit Suisse calls Marico its top pick in the mid-cap consumer space.

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(Reporting by Abhishek Vishnoi)

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First Published: Sep 16 2014 | 10:55 AM IST

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