Shares of Godrej Consumer rise as Nifty gains
Godrej Consumer Products Ltd. gained 0.56 per cent to Rs 1006.25 in Tuesday's trade as of 12:07PM (IST).
It hit a high of Rs 1006.95 and low of Rs 998.45 during the session.
The stock quoted a 52-week high price of Rs 1101.55 and a low of Rs 793.7. The return on equity for the stock stood at 12.34 per cent.
About 3,816 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.96.
The scrip has been an outperformer, up 12.59 per cent in the past one year in comparison with a 10.24 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 793.7 on September 05, while the 50-DMA was at Rs 1038.01. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding Promoters held 63.21 per cent stake in Godrej Consumer Products Ltd. as of 30-Jun-2023.
