Godrej Consumer Share Price Falls Despite Bullish Brokerage Views

Godrej Consumer Products has been hit with an unexpected CEO exit, but analysts remain upbeat about the company's prospects. Despite five brokerages predicting a minimum of 25% upside in its share price, the stock has fallen by over 10% since their notes were published.

The most bearish view comes from Morgan Stanley, which called the CEO's resignation a 'material negative' for the stock and downgraded it to Equal-weight. However, even this target implies a 31.5% upside at its current price of Rs 915.80.

Citi is the most bullish, maintaining its Buy rating and predicting an upside of 47.4%. JPMorgan, Goldman Sachs, and Macquarie all have Overweight or Buy ratings, with targets ranging from Rs 1,150 to Rs 1,350.