P & G

Dear Friends,

When it comes to FMCG sector, one can invest in a dependable stock like P & G for growth and comfortable sleep. Company is very comfortably placed with it comest to profit generating efficiency level (ROCE of around 40%) besides it being a cash rich company. With CRR of 75% and DPR of 25% it is not only a growth oriented company but good dividend pay master. With Sept figures being EPS (TTM) of around 100 (+) and sales showing increased volume, it is a buy for med to long term horizon as a defensive stock with appreciation in price.

Currently a buy on correction as also on each dip.

Personal home work too would be suggestible to play safe.

Tilak
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