Share price of Godrej Consumer jumps as Sensex drops 255.08 points

Share price of Godrej Consumer jumps as Sensex drops 255.08 points
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Synopsis

Promoters held 63.22 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 24.03 per cent and 3.78 per cent, respectively.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
The share price of . gained 1.48 per cent to Rs 913.6 at 10:56AM (IST) in Thursday's trade. The stock has hit a high of Rs 914.9 and low of Rs 902.2 so far during the session. The stock had closed at Rs 900.25 in the previous session.

The counter has had a total traded volume of 5558 shares so far with a value of Rs 0.5 crore on the NSE. It traded at a price-to-earnings multiple of 58.57 and a price-to-book ratio of 6.61.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 1.23 per cent during the past one year, while the 30-share index advanced 0.18 per cent during the same period.

Godrej Consumer Products Ltd. belongs to the Personal Care industry.

Promotor/FII Holding
Promoters held 63.22 per cent stake in the company as of 30-Sep-2022, while FIIs and domestic institutional investors ownership stood at 24.03 per cent and 3.78 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 3431.79 crore for the quarter ended 30-Sep-2022, up 8.86 per cent from the previous quarter's Rs 3152.49 crore and up 7.7 per cent from the year-ago quarter's Rs 3186.29 crore.

Profit for the latest quarter stood at Rs 358.86 crore, down 25.06 per cent from the same quarter a year ago.
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