Home Buisness Market Insight Godrej Consumer shares rise 0.02% as Nifty falls

Godrej Consumer shares rise 0.02% as Nifty falls

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Shares of Godrej Consumer Products Ltd rose 0.02 percent at 11:11 am (IST) on Friday to Rs. 1364.0, while the benchmark BSE Sensex fell 324.79 points to 79724.88.

Rs. As many as 5,137 shares were exchanged over the counter with a total value of Rs 0.71 crore.

Share Rs. 1467.3 to its 52-week high and Rs. It quoted a 52-week low of 959.55.

On the technical chart, the stock’s 200-DMA is Rs. 1166.21, while the 50-DMA was Rs. was at 1334.44. If a stock trades above the 50 DMA and 200 DMA, it usually means that the immediate trend is up. On the other hand, if the stock trades below both the 50 DMA and 200 DMA, it is considered a bearish trend and if it trades between the 50DMA and 200DMA, it indicates that the stock can go anywhere.

The company’s shares have gained 31.72 percent in the past one year, while the Sensex has gained 27.3 percent during the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of -249.25 and a price-to-book ratio of 10.16. A high P/E ratio indicates that investors are willing to pay a higher price due to expectations of better future growth. Book value represents the underlying value of a company and reflects the price that investors are willing to pay even if the business is not growing. This stock belongs to Personal Care industry.

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