Godrej Consumer shares gain 0.75% as Sensex falls

Shares of Godrej Consumer Products Ltd. traded 0.75 per cent up at Rs 1028.0 at 10:25AM (IST) on Monday, even as BSE benchmark Sensex dropped 332.92 points to 64989.73.

The stock had settled at Rs 1020.4 in the previous session. The stock quoted a 52-week high price of Rs 1101.55 and 52-week low of Rs 793.7, respectively. As per BSE data, total traded volume on the counter till 10:25AM (IST) stood at 6224 shares with a turnover of Rs 6376.0 crore.

At the prevailing price, shares of the company traded at 62.21 times its trailing 12-month earnings per share of Rs 16.39 per share and 7.18 times its price-to-book value, BSE data showed.


A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.

Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.96.

Shareholding Details

Promoters held 63.21 per cent stake in the company as of 30-Jun-2023, while FIIs owned 23.53 per cent and DIIs 4.24 per cent.

Technicals
On the technical charts, the relative strength index (RSI) of the stock stood at 47.43. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.