New Delhi: Shares of Colgate-Palmolive (India) Ltd surged as much as 2.7 per cent on Tuesday after Credit Suisse upgraded the stock to "outperform" from "underperform."
The agency said Colgate-Palmolive would benefit as competitive risk from Procter & Gamble Hygiene and Health Care Ltd has abated. It said, "consumption growth is improving, input costs are easing and there is benign competition.”
