Godrej Consmer Produucts shares climb 2% as ICICI Securities upgrades the stock to a buy, raises target price
New Delhi, July 9 -- Godrej Consumer Products share price rose about 2% in intraday trade on the BSE on Thursday, 9 July, looking set to snap its two-day losing run. Godrej Consumer Products shares opened at Rs.1,065.65 against their previous close of Rs.1,074.10 and hit an intraday high of Rs.1,093.15, rising 1.8%.
The stock has underperformed its sectoral index, BSE FMCG, over the last one to two years. As per BSE data, Godrej Consumer share price is down nearly 16% over the last 1% compared to a 10% fall in the BSE FMCG index. Over the last two years, the stock has fallen 23%, while its sectoral index has fallen 14%.
The stock hit a 52-week low of Rs.967.25 on 2 April this year after hitting a 52-week high of Rs.1,308.40 on 4 Septemb...
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