30 Nov , 2021 By : monika singh
Yes Securities has a buy call on Godrej Consumer Products Ltd. with a target price of Rs 970. The current price of Godrej Consumer Products Ltd. is Rs 922.9. Yes Securities recommends to keep a stoploss at Rs 880.
Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large-Cap company (with a market cap of Rs 94271.75 Crore) operating in FMCG sector.
Godrej Consumer Products Ltd. key Products/Revenue Segments include Home Care, Personal Care, Hair Care, Other Operating Revenue for the year ending 31-Mar-2021.
Investment Rationale
The stock is on the verge of a breakout from a falling wedge pattern, suggesting bullishness is building up in the counter. Further, RSI has also turned north after forming a positive divergence suggesting higher levels in the coming sessions.
Financials
For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 3186.29 Crore, up 9.29 per cent from last quarter Total Income of Rs 2915.35 Crore and up 8.78 per cent from last year same quarter Total Income of Rs 2929.06 Crore. Company has reported net profit after tax of Rs 478.68 Crore in latest quarter.
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