Godrej Consumer shares rise 0.2 per cent in Friday's trading session

Shares of Godrej Consumer Products Ltd. rose 0.2 per cent to Rs 976.35 in Friday's trade as of 11:33AM (IST) even as the benchmark Nifty ruled at 17601.65, down 22.8 points.

The scrip had closed at Rs 974.4 in the previous session. The stock quoted a 52-week low of Rs 708.6 and a high of Rs 979.8. The company quoted a market-cap of Rs 99850.86 crore on the BSE.

On BSE, 3,646 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 61.88 times its trailing 12-month EPS of Rs 15.78 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 31-Dec-2022, Godrej Consumer Products Ltd. reported consolidated sales of Rs 3642.07 crore, up 9.54 per cent from the same quarter a year ago. The company reported 3.55 per cent YoY growth in net profit at Rs 546.34 crore for the latest quarter.

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