Share price of Godrej Consumer falls as Nifty strengthens
Godrej Consumer Products Ltd. slipped 1.97 per cent to Rs 1039.65 in Tuesday's trade as of 01:17PM (IST). The stock hit a high price of Rs 1063.0 and low of Rs 1038.9 during the session.
The return on equity (ROE) for the stock stood at 12.34 per cent. Traded volume on the counter stood at 01:17PM shares and turnover at Rs 718.0 crore around that time. The stock of Godrej Consumer Products Ltd.
quoted a 52-week high price of Rs 1101.55 and 52-week low prices of Rs 793.7, respectively. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.96.Promotor/FII Holding Promoters held 63.21 per cent stake in the company as of 31-Mar-2023, while overseas investors held 23.72 per cent and domestic institutional investors had 3.88 per cent.Key Financials The company reported consolidated sales of Rs 3258.07 crore for the quarter ended 31-Mar-2023, down 10.54 per cent from previous quarter's Rs 3642.07 crore and down 10.83 per cent from the year-ago quarter's Rs 2939.58 crore. Net profit after tax for the latest quarter stood at Rs 452.14 crore, up 24.47 per cent from the same quarter a year ago.Technicals The MACD signalled a bearish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities.
Read more on economictimes.indiatimes.com
