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CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Wednesday, 12 July 2017

Godrej Consumer Products slashes soap price by up to 8%: 12 Jul 2017

Extending the tax benefits to its consumers, FMCG firm Godrej Consumer Products (GCPL) has slashed its soap prices by 6 to 8%, while absorbing the hike in hair colors. The company sells soaps under brands namely Cinthol and Godrej No 1.

Other listed and unlisted FMCG makers such as Emami, Colgate-Palmolive, Marico, Patanjali, and HUL have either slashed prices or by increasing the grammage of the product on the dispatches made from July 1 onwards, passing on the GST benefits to their consumers.

GCPL is confident about an uprise in the consumer demands, tied by GST and good monsoon from September onwards and expects a good second half in 2017.

The company is also not increasing the price of the products which attracted higher tax as hair colors etc, reported a news agency.

Stock view:

Godrej Consumer Products Ltd is currently trading at Rs 970.2, up by Rs 1.2 or 0.12% from its previous closing of Rs 969 on the BSE.

The scrip opened at Rs 970 and has touched a high and low of Rs 973.6 and Rs 969.9 respectively. So far 75656(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 66008.44 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 998.8 on 10-Jul-2017 and a 52 week low of Rs 642.78 on 15-Nov-2016. Last one week high and low of the scrip stood at Rs 998.8 and Rs 963.35 respectively.

The promoters holding in the company stood at 63.27 % while Institutions and Non-Institutions held 30.59 % and 6.14 % respectively.

The stock is currently trading above its 50 DMA.

Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide 2 days free trial to our client.Join our services and trade with us. 

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