Colgate-Palmolive is among the few FMCG stocks that has seen a price rise in the recent rally. Colgate’s absolute dominance of the toothpaste market has helped it maintain sales and profit growth. The company is declaring its results on Friday. Analysts will keen watch its market share in the toothpaste segment given the competition. Colgate has fought off competition, pushing market share to 56 per cent by December 2013 against 54.2 per cent last year.
More FII headroom booster for CMC
Shares of CMC will see traction as the RBI has allowed further investment in the stock by foreign institutional investors. The RBI has allowed FIIs to buy up to 35 per cent (revised from the earlier 24 per cent) shares in CMC. According to BSE data, FIIs currently hold 21.83 per cent stake in CMC. The company had earlier received board and shareholder nod for hiking the FII limit. For the March quarter, CMC posted a net profit of ₹130.74 crore on revenues of ₹338.83 crore.
Analysts keenly await ITC, SBI results
Shares of two index heavyweights, State Bank of India and ITC, will keep the Street busy, as they declare their Q4 financial results for 2013-14. While analysts expect SBI to report a 15-18 per cent fall in its January-March net profit, they feel ITC’s net profit will zoom 16-20 per cent. Besides, SBI’s asset quality will come under the market radar. For ITC, analysts will be keenly looking at its revenue growth. SBI will remain in focus given the recent surge in stock price.
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