Shares of Godrej Consumer fall as Nifty gains

Shares of Godrej Consumer Products Ltd. slipped 0.03 per cent to Rs 926.65 in Tuesday's trade as of 11:44AM (IST). It hit a high of Rs 931.75 and low of Rs 923.05 during the session.

The stock quoted a 52-week high price of Rs 955.65 and a low of Rs 660.2. The return on equity for the stock stood at 15.43 per cent. About 7,066 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 7.67 per cent in the past one year in comparison with a 3.41 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 660.2 on January 24, while the 50-DMA was at Rs 888.74. 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 63.22 per cent stake in Godrej Consumer Products Ltd. as of 31-Dec-2022. Mutual funds and foreign institutional investors held 3.78 per cent and 24.03 per cent stake.