Godrej Consumer shares drop 1.54% as Sensex falls
Godrej Consumer Products Ltd. traded 1.54 per cent lower in Monday's session at 12:13PM (IST). The stock opened at Rs 1225.0 and has touched an intraday high and low of Rs 1225.0 and Rs 1197.95, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1299.9 and a 52-week low of 895.0. About 6,037 shares changed hands on the counter so far.
Benchmark Nifty50 was down 146.21 points at 21636.3, while the BSE Sensex traded 447.02 points lower at 71148.47 at the time of writing of this report.
In the Nifty pack, 16 stocks traded the day in the green, while 34 were in the red.
Key Financials For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 3729.72 crore, up 1.69 per cent from the previous quarter's Rs 3667.88 crore and up 2.41 per cent from the year-ago quarter. The company reported net profit of Rs 581.06 crore for the latest quarter.
Promoter Holdings Promoters held 63.21 per cent stake in the company as of 31-Dec-2023, while FIIs held 22.94 per cent and MFs 5.15 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1042.88 on February 12, while the 50-DMA was at Rs 1126.24. 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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