Godrej Consumer Shares Up 0.74% as Sensex Falls

Godrej Consumer Shares Up 0.74% as Sensex Falls

Shares of Godrej Consumer Products Ltd. registered a gain of 0.74% to Rs 999.0 in Tuesday’s session, while the equity benchmark Sensex experienced a decrease of 352.67 points at 65475.74 (10:35AM IST). The stock initially opened with a gap down start for the session and marked a 52-week high price of Rs 1101.55 and a 52-week low of Rs 793.7 on NSE. With a total of 10475 shares changed hands on the counter till 10:35AM IST, the stock has touched an intraday high and low of Rs 1007.5 and Rs 987.4 respectively. The scrip quoted a price-to-earnings (PE) ratio of 60.75, earnings per share (EPS) of Rs 16.39, and price to book value (PB) of 7.18, while the return on equity (ROE) stood at Rs 12.34. The promoters held 63.21% stake in the company as of October 03, while FII and MF ownerships stood at 23.53% and 4.24% respectively. The company operates in the Personal Care industry and has a market capitalisation of Rs 101825.44 crore. For the quarter ending on June 30, 2023, the company reported consolidated sales of Rs 3518.02 crore, an increase of 7.98% from the previous quarter and 11.59% from the same quarter last year. The net profit for the latest quarter was Rs 318.82 crore, a decrease of 7.62% from the corresponding quarter last year. The stock’s relative strength index (RSI) is currently at 47.63. Analysts caution that the RSI indicator should not be considered in isolation, as it may not be sufficient to make trading decisions.

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