espresso-shot-of-the-day-godrej-consumer-products-ltd-up-by-2219-percent

EspressoLogy

Espresso shot of the day – Godrej Consumer Products Ltd up by 22.19 percent)

Espresso shot of the day – Godrej Consumer Products Ltd up by 22.19 percent

May 12, 2021

GODREJ CONSUMER PRODUCTS LTD 874.80 (+22.19%) BSE – INE102D01028 | 12TH MAY 2021


In 1897, Ardeshir Godrej, after a few failed ventures, set up a lock-making company. For him, the key to success turns out to be locks. In 1918, they launch Chavi, the first soap in the world to be made without animal fat. They score for the concept of Swadeshi and Ahimsa. Godrej Consumer Products is a leading emerging markets company. As part of the over 123-year young Godrej Group, they are fortunate to have a proud legacy built on the strong values of trust, integrity and respect for others. At the same time, they are growing fast and have exciting, ambitious aspirations.

Recent Drivers

  • On May 12, 2021, Godrej Consumer Products Ltd. announced that Sudhir Sitapati, who has spent over two decades at FMCG Hindustan Unilever, will take over as Godrej Consumer's Managing Director (MD) and CEO in October 2021.
  • On May 11, 2021, Godrej Consumer Products Ltd. reported quarterly net profit at Rs 365.84 crores in March 2021, up 59.13% from Rs 229.90 crores in March 2020.
  • On May 11, 2021, Godrej Consumer Products Ltd. reported net sales at Rs 2,730.74 crores in March 2021, up 26.79% from Rs 2,153.80 crores in March 2020.
  • On April 22, 2021, Godrej Consumer Products Ltd. said it has tied up with the northern zone of Indian Railways that will see the company provide passengers as well as Railway staff with Godrej Protekt branded personal and home hygiene products such as sanitisers and reusable face masks.
  • On April 1, 2021, Godrej Consumer Products Ltd. said it has expanded its portfolio of laundry detergent with the launch of Godrej Ezee 2-in-1 liquid detergent and fabric conditioner.


(Sources: Moneycontrol, Business Standard, Livemint)

Technical Force*

  • S&P BSE 100 month till date gain up by 0.90%
  • Traded on new 52-week-high value of 894.90
  • Touched upper circuit: Rs 894.90
  • Spurt in volume by more than 7.54 times compare to previous volume. 3 months avg. volume: 89,739
  • Quantity traded: 12,90,309 | Deliverable quantity: 3,53,950 (27.43%)
  • Stock price has jumped more than 70% from one year low level: 510.35 | May 12, 2020
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 894.90 | 52-week-low: 510.35

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1212.88

992.32

866.23

645.67

519.58

299.02

172.93

-

Fibonacci Pivot

992.32

859.90

778.09

725.40

645.67

565.94

513.25

431.44

299.02


Today’s Close

874.80

SMA

BSE

10 DAY

722.37

20 DAY

718.81

50 DAY

706.96

200 DAY

708.63

Some Key Ratios (Source: BSE)

Market Cap: 89,447.10 crores

PE: 73.06

OPM%: 23.18

ROE%: 19.25

Promoters holding: 63.23

Prev. Close: 715.95

*Chart And Technical Force data taken from the Binge desktop app.

The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comtrade Private Limited is under no obligation to update the information in this document from time-to-time.


Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.