Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 75914.49 Crore) operating in FMCG sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 3070.45 Crore, up 4.83 % from last quarter Total Income of Rs 2929.06 Crore and up 9.60 % from last year same quarter Total Income of Rs 2801.57 Crore. Company reported net profit after tax of Rs 501.90 Crore in latest quarter.
Investment Rationale
The stock has been trading in a broader range of Rs 670-720 for the last two months with the mid price of Rs 700, which remains a crucial support for it. Also, looking at the significant delivery volume activity in February 2021 to March 2021, these levels seem very crucial. In such a scenario, the positive bias may continue in the stock till these levels are held
Promoter/FII Holdings
Promoters held 63.2 per cent stake in the company as of Dec 30, 2020, while FIIs held 26.8 per cent, DIIs 3.1 per cent and public and others 6.9 per cent.
