Godrej Consumer Products Shares Down Despite Sensex Gain
On Thursday at 1:33 PM (IST), shares of Godrej Consumer Products Ltd. were down 1.18% at Rs 1374.65. This is a drop from the previous session’s close of Rs 1391.1. Meanwhile, the BSE Sensex gained 276.22 points, reaching 77613.81.
The stock’s 52-week high is Rs 1467.3, and its 52-week low is Rs 959.55.
Godrej Consumer Products Trading Details
By 1:33 PM (IST) on Thursday, 31,054 shares of Godrej Consumer Products Ltd. had been traded, with a total turnover of Rs 0.71 crore, according to BSE data.
At the current price, the stock trades at -253.45 times its earnings per share (EPS) of Rs -5.48 over the past 12 months, and 10.16 times its price-to-book value.
A higher P/E ratio means investors are willing to pay more today because they expect the company to grow in the future. The price-to-book value shows the company’s intrinsic value, indicating how much investors are willing to pay even if the company doesn’t grow.
The stock’s Beta value, which measures its volatility compared to the broader market, is 0.96.
Godrej Consumer Products Shareholding Details
As of March 31, 2024:
– Promoters held 63.21% of the company’s shares.
– Foreign Institutional Investors (FIIs) owned 22.56%.
– Domestic Institutional Investors (DIIs) held 8.94%.
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Nuvama Institutional Equities on Godrej Consumer Products
Nuvama Institutional Equities noted that Godrej Consumer Products has significantly reduced overhead costs in RCCL, and cost synergy benefits have started to show in the third quarter. They expect the EBITDA margins to increase by 2.27% to reach 23.6%. Previous price cuts by the company are now factored in, so no further negative price growth is expected this quarter.
Nuvama has a ‘Buy’ recommendation on the stock with a target price of Rs 1,250 per share on the BSE.
Stock Analysis: Godrej Consumer Products
The stock is currently trading below the signal line of the MACD (Moving Average Convergence Divergence) indicator, indicating a bearish trend. The MACD helps identify trend reversals and is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA, known as the signal line, is then plotted over the MACD to highlight potential “buy” or “sell” opportunities.
Moving Averages for Godrej Consumer Products
– 200-Day Moving Average (200-DMA): Rs 1148.01 (as of June 21)
– 50-Day Moving Average (50-DMA): Rs 1297.86
If a stock trades above both its 50-DMA and 200-DMA, the trend is considered upward. If it trades below both, the trend is considered bearish. If it trades between the 50-DMA and 200-DMA, the trend can go either way.
Promoter and Institutional Holdings in Godrej Consumer Products
As of March 31, 2024:
– Promoters held 63.21% of the company’s shares.
– Foreign Institutional Investors (FIIs) owned 22.56%.
– Domestic Institutional Investors (DIIs) held 5.56%.
Key Financials for Godrej Consumer Products
For the quarter ending March 31, 2024:
– Consolidated Sales: Rs 3449.45 crore
– Down 7.51% from the previous quarter’s Rs 3729.72 crore
– Down 5.87% from the same quarter last year’s Rs 3258.07 crore
– Net Loss: Rs 1893.21 crore
Technical Indicators for Godrej Consumer Products
The MACD (Moving Average Convergence Divergence) indicates a bearish trend for the stock. The MACD helps signal trend reversals and is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA, called the signal line, is plotted over the MACD to show “buy” or “sell” opportunities. When the MACD crosses below the signal line, it suggests a bearish signal, indicating that the stock price might decrease.
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