Gillette India Ltd
India is one of the highest vaccinated country in the world. Slowly and steadily everything is opening and we can expect business as usual. This would imply more travelling, one-to-one meetings, going back to offices, conferences and exhibitions.
Based on this theme, market has rewarded rail stocks (#IRCTC), airline companies (indigo and spicejet), hotel companies, real estate companies. However, male-grooming company i.e. Gillette's share price is still be consolidating from the its March 2020 low of Rs.4500 to current price of 6051. It has grown only by 34%.
Its pre-covid high price was 8096 and for quite long period of time it had traded in the range of Rs.6200-7200.
At current price of Rs.6051, Gillette has crossed its Feb 2020 highs and one can buy at current price with a target of 6620-7000-7200 in next 2-3 quarters.