Stocks in focus today: Market participants are keeping a close eye on the upcoming US CPI inflation data, and positive comments by the Federal Reserve Chairman have the potential to restore momentum in the market. Escorts Kubota, L&T, Sanofi India, Dr Reddy’s among stocks to watch on Thursday.
Godrej Consumer stock zooms 23% on new leadership, Q4 earnings
The company reported consolidated net profit of Rs 365.84 crore for the quarter ended March 31. Profit in the year-ago period stood at Rs 229.90 crore
BusinessToday.In | May 12, 2021 | Updated 12:35 IST
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Shares of Godrej Consumer Products soared 23 per cent to hit a fresh 52-week high of Rs 894.00 on BSE after the company reported strong earnings in Q4FY21 and appointment of new MD.
Godrej Consumer Products share is trading higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages.
The share of FMCG major has gained 71 per cent in one year and risen 20 per cent since the beginning of this year. Market cap of the firm rose to Rs 90,530.93 crore on BSE.
Shares of Godrej Consumer Products (GCPL) soared 15 per cent to Rs 823.30 on the BSE in intra-day trade on Wednesday after the fast moving consumer goods (FMCG) major announced that Sudhir Sitapati will take over as its managing director (MD) and CEO in October 2021.
Sudhir Sitapati who spent over two decades at FMCG Hindustan Unilever is stepping down from the role of executive director of the company’s foods and refreshment (F&R) business.
GCPL s stock hit a 52-week high, surpassing its previous high of Rs 808, touched on January 21, 2021. It had touched a record high of Rs 979 in September 2018. GCPL is a part of derivative markets future & option segment, and thus the concept of a daily circuit limit does not apply to it.