Godrej Consumer shares up 0.53% as Nifty falls

economictimes.indiatimes.com:

Godrej Consumer Products Ltd. rose 0.53 per cent to Rs 1024.25 in Thursday's trade. It hit an intraday high of Rs 1026.15 and low of Rs 1018.9, respectively, during the day.

The stock quoted a 52-week high price of Rs 1101.55 and low of Rs 793.7. As of 10:51AM (IST), the counter saw total traded volume of 3,906 shares with a traded value of Rs 3995.0 crore, according to NSE. The stock had closed at Rs 1018.9 in the previous session.

The scrip has declined -2.91 per cent in the past one month till date, while the benchmark BSE Sensex has gained 0.54 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 62.38 while price-to-book ratio stood at 7.18. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Personal Care industry.Promoter/FII Holding Promoters held 63.21 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 23.53 per cent and 4.24 per cent, respectively.Key Financials The company reported consolidated sales of Rs 3518.02 crore for the quarter ended 30-Jun-2023, up 7.98 per cent from the previous quarter's Rs 3258.07 crore and up 11.59 per cent from the year-ago quarter's Rs 3152.49 crore. Its net profit for the latest quarter stood at Rs 318.82 crore, down 7.62 per cent from the same quarter a year ago.