Godrej Consumer shares rise 0.53 per cent in Tuesday's trading session

Shares of Godrej Consumer Products Ltd. rose 0.53 per cent to Rs 1506.7 in Tuesday's trade as of 01:03PM (IST) even as the benchmark Nifty ruled at 25074.9, up 138.5 points.

The scrip had closed at Rs 1498.65 in the previous session. The stock quoted a 52-week low of Rs 959.55 and a high of Rs 1527.05. The company quoted a market-cap of Rs 153658.3 crore on the BSE.

On BSE, 19,583 shares have changed hands on the counter so far. At its prevailing price, the stock traded at -358.44 times its trailing 12-month EPS of Rs -4.19 per share and 10.16 times its book value. The return on equity (ROE) stood at Rs -4.44.


Key Financials
For the quarter ended 30-Jun-2024, Godrej Consumer Products Ltd. reported consolidated sales of Rs 3408.69 crore, down 3.11 per cent from the same quarter a year ago. The company reported 41.36 per cent YoY growth in net profit at Rs 450.69 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.