AgenciesAxis Securities has buy call on Godrej Consumer Products Ltd. with a target price of Rs 1040. The current market price of . is Rs 910.35. Time period given by analyst is 3-4 weeks when Ltd. price can reach defined target.Axis Securities recommended to keep stop loss at Rs 850.
Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 93259.19 Crore) operating in FMCG sector.
Godrej Consumer Products key Products/Revenue Segments include Home Care, Personal Care, Hair Care, Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3431.79 Crore, up 8.86 % from last quarter Total Income of Rs 3152.49 Crore and up 7.70 % from last year same quarter Total Income of Rs 3186.29 Crore. Company has reported net profit after tax of Rs 358.86 Crore in latest quarter.
The company’s top management includes Ms.Nisaba Godrej, Ms.Pippa Tubman Armerding, Ms.Ndidi Nwuneli, Mr.Omkar Goswami, Mr.Narendra Ambwani, Ms.Ireena Vittal, Ms.Tanya Dubash, Mr.Jamshyd N Godrej, Mr.Nadir Godrej, Mr.Pirojsha Godrej, Mr.Sudhir Sitapati, Mr.Sumeet Narang. Company has BSR & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 102 Crore shares outstanding.
Investment Rationale
On the weekly chart, the stock has decisively broken out above the “Symmetrical triangle” pattern which was in formation from Sep, 2021. Also, the stock is forming a higher high-low on weekly chart. This formation indicates a positive uptrend. The stock is well placed above 20, 50, 100 and 200 key averages indicating positive momentum. The daily and weekly strength indicator RSI is in bullish mode and weekly RSI cross above its reference line which had generated a buy signal.
Promoter/FII Holdings
Promoters held 63.22 per cent stake in the company as of 30-Sep-2022, while FIIs owned 24.03 per cent, DIIs 6.46 per cent.
Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 93259.19 Crore) operating in FMCG sector.
Godrej Consumer Products key Products/Revenue Segments include Home Care, Personal Care, Hair Care, Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 3431.79 Crore, up 8.86 % from last quarter Total Income of Rs 3152.49 Crore and up 7.70 % from last year same quarter Total Income of Rs 3186.29 Crore. Company has reported net profit after tax of Rs 358.86 Crore in latest quarter.
The company’s top management includes Ms.Nisaba Godrej, Ms.Pippa Tubman Armerding, Ms.Ndidi Nwuneli, Mr.Omkar Goswami, Mr.Narendra Ambwani, Ms.Ireena Vittal, Ms.Tanya Dubash, Mr.Jamshyd N Godrej, Mr.Nadir Godrej, Mr.Pirojsha Godrej, Mr.Sudhir Sitapati, Mr.Sumeet Narang. Company has BSR & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 102 Crore shares outstanding.
Investment Rationale
On the weekly chart, the stock has decisively broken out above the “Symmetrical triangle” pattern which was in formation from Sep, 2021. Also, the stock is forming a higher high-low on weekly chart. This formation indicates a positive uptrend. The stock is well placed above 20, 50, 100 and 200 key averages indicating positive momentum. The daily and weekly strength indicator RSI is in bullish mode and weekly RSI cross above its reference line which had generated a buy signal.
Promoter/FII Holdings
Promoters held 63.22 per cent stake in the company as of 30-Sep-2022, while FIIs owned 24.03 per cent, DIIs 6.46 per cent.
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