Godrej Consumer shares drop 0.77% as Sensex falls
Godrej Consumer Products Ltd. traded 0.77 per cent lower in Thursday's session at 01:45PM (IST).
The stock opened at Rs 1038.05 and has touched an intraday high and low of Rs 1043.75 and Rs 1025.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 1101.55 and a 52-week low of 793.7.
About 396,695 shares changed hands on the counter so far. Benchmark Nifty50 was down 76.55 points at 19701.75, while the BSE Sensex traded 323.43 points lower at 66383.77 at the time of writing of this report.
In the Nifty pack, 21 stocks traded the day in the green, while 29 were in the red.Key Financials For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 3258.07 crore, down 10.54 per cent from the previous quarter's Rs 3642.07 crore and down 10.83 per cent from the year-ago quarter. The company reported net profit of Rs 452.14 crore for the latest quarter.Promoter Holdings Promoters held 63.21 per cent stake in the company as of 30-Jun-2023, while FIIs held 23.53 per cent and MFs 4.24 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 943.18 on July 27, while the 50-DMA was at Rs 1051.23.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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