Shares of Godrej Consumer Products Ltd. traded 9.67 per cent at Rs 1116.05 at 02:10PM (IST) on Monday, even as BSE benchmark Sensex 157.62 points to 81551.5.
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The scrip had closed at Rs 1235.60 in the previous session. The stock quoted a 52-week high price of Rs 1541.30 and 52-week low of Rs 1015.40, respectively. As per BSE data, total traded volume on the counter till 02:10PM (IST) stood at 690057 shares with a turnover of Rs 77.44 crore.
At the current price, the stock traded at -308.96 times its trailing 12-month EPS of Rs -3.62 per share and 10.16 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.9605.
Promoters held 62.81 per cent stake in the company as of 30-Sep-2024, while FIIs owned 22.03 per cent and DIIs 6.15 per cent.
On the technical charts, the relative strength index (RSI) of the stock stood at 27.29. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a’buy’ or’sell’ recommendation using a single valuation ratio.
