 "Godrej")
Expectations of strong growth in the domestic market, recovery in international markets, and the appointment of a new chief executive officer have led to a rally in the stock of Godrej Consumer Products over the past three months.
Since the beginning of May, the stock, which hit the Rs 1-trillion market capitalisation last month, has gained 40 per cent. The outperformance over a three-month period over its peer index (BSE FMCG) and benchmarks (Nifty50) has been sharp with gains that are four times those of the indices.
Given the performance in the June (Q1FY22) quarter and growth outlook,
Since the beginning of May, the stock, which hit the Rs 1-trillion market capitalisation last month, has gained 40 per cent. The outperformance over a three-month period over its peer index (BSE FMCG) and benchmarks (Nifty50) has been sharp with gains that are four times those of the indices.
Given the performance in the June (Q1FY22) quarter and growth outlook,
