Godrej Consumer Share Price: Shares of Godrej Consumer Products surged 8% to its fresh all-time high of Rs 1,349.65 on BSE in Tuesday s early trade even after reporting a consolidated net loss of Rs 1,893 crore for the quarter ended March 31, 2024.
Experts analyze the impact of the Cerelac controversy on Nestle India shares and the potential limitations due to expensive valuations. Insights on the stock s performance and market outlook.
The breakout has opened room for the stock to head higher and may even breach 1100 levels to hit fresh record highs in the next 2-3 months, suggest experts.
LT Foods is an FMCG company in the consumer food space. It is a leading player globally in the speciality rice and rice-based foods business. The companys flagship brands include ‘Daawat, one of Indias leading Basmati brands, ‘Royal, which is North Americas top Basmati player and many more.
Shares of Tata Consumer Products have been in the focus of late after the stock got admitted to the flagship Nifty50 index on March 31 as part of the index rejig. On a year-to-date (YTD) basis, the stock has managed to beat both the Nifty50 and Nifty FMCG index in terms of returns. The Tata group stock has gained 8 per cent as against Nifty s 5 per cent and 2 per cent up move in the Nifty FMCG index during this perios, ACE Equity data show. In the FCMG pack, the stock is among the select few that have offered high single-digit or double-digit returns during the same period, performing better than 70 per cent of its peers.