Godrej Consumer shares down 0.69% as Sensex falls

Shares of Godrej Consumer Products Ltd. fell 0.69 per cent to Rs 983.05 in Thursday's session as of 01:18PM (IST) even as the equity benchmark Sensex traded 546.11 points lower at 66254.73.

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1101.55 and a 52-week low of Rs 793.7 on NSE. Around 8948 shares changed hands on the counter till 01:18PM (IST).

The stock opened at Rs 980.05 and has touched an intraday high and low of Rs 989.3 and Rs 979.7 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 59.98, earnings per share (EPS) of Rs 16.39 and price to book value (PB) of 7.18, while the return on equity (ROE) stood at Rs 12.34.

Promoter/ FII Holding
The promoters held 63.21 per cent stake in the company as of September 21, while FII and MF ownerships stood at 23.53 per cent and 4.24 per cent, respectively.

Key Financials
With a market capitalisation of Rs 100531.72 crore, the company operates in the Personal Care industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 3518.02 crore, up 7.98 per cent from the previous quarter?s Rs 3258.07 crore and up 11.59 per cent from the same quarter a year ago. The company reported net profit of Rs 318.82 crore for the latest quarter, down 7.62 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 35.45. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.