GlaxoSmithKline Consumer - Call Closure

India Infoline News Service | Mumbai |

We continue to remain positive on the company given its strong leadership position in the Malted Food Drinks segment

Reco price Rs3,079, Call Closure Price Rs3,695

We had recommended a BUY on GSK Consumer in a detailed report dated  December 15, 2011 with a target price of Rs2,912. We continuously maintained our Buy rating in successive updates with revised target of Rs3,119 (achieved on September 13, 2012) and Rs3,439 (in Q3 CY12 result update). The stock has touched Rs3,895 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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