Godrej Consumer shares fall 0.79 per cent in Wednesday's trading session

Godrej Consumer shares fall 0.79 per cent in Wednesday's trading session
ETMarkets.com
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Synopsis

The Relative Strength Index of the stock stood at 54.64 on Wednesday.

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
Shares of . fell 0.79 per cent to Rs 903.75 in Wednesday's trade as of 01:22PM (IST) even as the benchmark Nifty ruled at 17922.35, up 8.2 points.

The scrip had closed at Rs 910.95 in the previous session. The stock quoted a 52-week low of Rs 660.2 and a high of Rs 955.65. The company quoted a market-cap of Rs 92108.73 crore on the BSE.

On BSE, 7,846 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 57.75 times its trailing 12-month EPS of Rs 15.6 per share and 6.61 times its book value. The return on equity (ROE) stood at Rs 15.43.

Key Financials
For the quarter ended 30-Sep-2022, Godrej Consumer Products Ltd. reported consolidated sales of Rs 3431.79 crore, up 7.7 per cent from the same quarter a year ago. The company reported 25.06 per cent YoY de-growth in net profit at Rs 358.86 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Wednesday. 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.
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