Godrej Consumers share price remakes the New High

On 25th July 2016, Godrej Consumer share price touched a high of Rs. 1678.50 and redoes it again today, on 29th July 2016 touching Rs. 1689.90. The company also reported its result for the first quarter of FY17 and declaring the first interim dividend of 100% on the shares of face value Re.1. Currently, Godrej Consumers share price was trading with a drop.

Financial overview:

• 9% rise in the consolidated currency net sales
• Sales in India was flat due to stretched summer and late onset of monsoon
• International business sales up by 18% on constant currency basis
• EBITDA grew by 20% on constant currency basis, driven by 14% growth in Indian business (Rs. 205 crores) and 29% growth in International business
• Net profit and EPS without exceptional items rose by 18%. For India, the net profit stood at Rs. 152 crores.
• Revenue reported was Rs. 1,063.97 crores
• Other incomes went up to Rs. 12.08 crores
• EPS stood at Rs. 4.45 crores

The stock has also experienced the spurt in volume by 1.26 times. Although Godrej consumers share price made a new high, it was currently trading with a drop of about 2% at Rs. 1604.60. The scrip opened at Rs. 1641.95 and went as low as 1,598.75. The scrip witnessed a roller coaster ride in just one-day trading session. Dynamic Levels have identified Godrej Consumers among top 500 performing stocks for the quarter. The company has not reported any loss in last two-quarters, and its debt-equity ratio stands at 0.52 which is wonderful. The closest support level of the stock stands at Rs. 1580 and the closest resistance level is Rs. 1678.50. For more details on the support and resistance level of the stock, visit Godrej Consumers share price forecast page of the Dynamic Levels website. On the Godrej Consumers share price history page, there is a Ladder efficiently depicting more details on the stock.