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Colgate-Palmolive gains; Credit Suisse upgrades

Reuters

Reuters Market Eye - Colgate-Palmolive (India) Ltd (COLG.NS) shares up 2.4 percent.

Credit Suisse upgrades to "outperform" from "underperform."

Says consumer goods sector seeing "improving consumption growth, easing input costs and benign competition".

Says Colgate-Palmolive would benefit as competitive risk from Procter & Gamble Hygiene and Health Care Ltd (PROC.NS) has abated.

Marico Ltd (MRCO.NS) also gains 1.1 percent.

Credit Suisse calls Marico its top pick in the mid-cap consumer space.

(Reporting by Abhishek Vishnoi)