Godrej Consumer shares fall 0.61 per cent in Tuesday's trading session

Shares of Godrej Consumer Products Ltd. fell 0.61 per cent to Rs 1246.75 in Tuesday's trade as of 12:43PM (IST) even as the benchmark Nifty ruled at 22333.3, down 72.3 points.

The scrip had closed at Rs 1254.5 in the previous session. The stock quoted a 52-week low of Rs 895.0 and a high of Rs 1299.9. The company quoted a market-cap of Rs 127479.21 crore on the BSE.

On BSE, 5,265 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 71.43 times its trailing 12-month EPS of Rs 17.45 per share and 7.18 times its book value. The return on equity (ROE) stood at Rs 12.34.


Key Financials
For the quarter ended 31-Dec-2023, Godrej Consumer Products Ltd. reported consolidated sales of Rs 3729.72 crore, up 2.41 per cent from the same quarter a year ago. The company reported 6.36 per cent YoY growth in net profit at Rs 581.06 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.