Godrej Consumer shares gain 1.62% as Sensex rises

economictimes.indiatimes.com:

Godrej Consumer Products Ltd. traded 1.62 per cent higher in Friday's session at 10:20AM (IST). The stock opened at Rs 1246.0 and has touched an intraday high and low of Rs 1280.3 and Rs 1246.0, 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 3,031 shares changed hands on the counter so far.

Benchmark Nifty50 was up 207.5 points at 22190.3, while the BSE Sensex traded 715.34 points higher at 73215.64 at the time of writing of this report.
In the Nifty pack, 39 stocks traded the day in the green, while 11 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 1062.53 on March 01, while the 50-DMA was at Rs 1182.77. 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.