Reco price Rs2,539, Call closure price Rs3,065
We had recommended a BUY on GSK Consumer in a detailed report dated 15 December, 2011 with a target price of Rs2,912. We continuously maintained our Buy rating in successive updates with a revised target of Rs3,119. The stock has touched Rs3,100 in today's trading session. We recommend investors to book profits. In longer term, however, we continue to remain positive on the company given its strong leadership position in the Malted Food Drinks segment.
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