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Godrej Consumer surges on plan to launch new products in personal and home care segments

05 Oct 2015 Evaluate

Godrej Consumer Products is currently trading at Rs 1320.00, up by 93.45 points or 7.62% from its previous closing of Rs. 1226.55 on the BSE.

The scrip opened at Rs. 1247.00 and has touched a high and low of Rs. 1344.00 and Rs. 1247.00 respectively. So far 12880 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs. 1456.65 on 03-Aug-2015 and a 52 week low of Rs. 830.00 on 16-Dec-2014.

Last one week high and low of the scrip stood at Rs. 1244.00 and Rs. 1154.00 respectively. The current market cap of the company is Rs. 44984.40 crore.

The promoters holding in the company stood at 63.29% while Institutions and Non-Institutions held 30.67% and 6.04% respectively.

Godrej Consumer Products is set to unveil new products in personal care and home care segments in the next 2 weeks which is expected to boost its urban sales in the coming quarters. The company is banking on new products, mainly targeted at urban consumers, to offset impact of decline in rural demand due to deficient monsoon.

Godrej Consumer Products is a leader among India's Fast Moving Consumer Goods companies, with leading Household and Personal Care Products. Its brands include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, which are household names across the country.

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