Godrej Consumer Products drops on profit booking

Godrej Consumer Products lost 2.26% to Rs 1,050.35 at 11:01 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 129.37 points, or 0.4% at 32,253.93. The S&P BSE Mid-Cap index was up 59.23 points, or 0.39% at 15,314.89.

On the BSE, 7,127 shares were traded on the counter so far as against the average daily volumes of 68,820 shares in the past one quarter. The stock had hit a high of Rs 1,074 and a low of Rs 1,048 so far during the day. The stock had hit a record high of Rs 1,083.65 on 27 July 2017 and a 52-week low of Rs 642.78 on 15 November 2016.

The stock had outperformed the market over the past one month till 27 July 2017, advancing 11.33% compared with the Sensex's 4.6% rise. The scrip had also outperformed the market over the past one quarter advancing 23.3% as against the Sensex's 7.84% rise. The scrip had also outperformed the market over the past one year advancing 33.18% as against the Sensex's 15.55% rise.

The mid-cap company has equity capital of Rs 68.12 crore. Face value per share is Rs 1.

Shares of Godrej Consumer Products had rallied 12.37% in the preceding five trading sessions to settle at Rs 1,074.60 yesterday, 27 July 2017, from a close of Rs 956.30 on 20 July 2017.

Godrej Consumer Products' consolidated net profit spurted 212.3% to Rs 389.91 crore on 11.8% increase in net sales to Rs 2380.49 crore in Q4 March 2017 over Q4 March 2016.

Godrej Consumer Products is engaged in the manufacture of personal and household care products.

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