Godrej Consumer Products rose 1.68% to Rs 1,137.65 at 10:30 IST on BSE after the company has entered into an agreement with the Darling Group for increasing its shareholding in Darling South Africa and Mozambique businesses to 90%.
The company made announcement after market hours yesterday, 24 February 2015.
Meanwhile, the S&P BSE Sensex was up 179.15 points or 0.62% at 29,183.81.
On BSE, so far 696 shares were traded in the counter as against average daily volume of 46,630 shares in the past two weeks.
The stock hit a high of Rs 1,145.40 and low of Rs 1,130 so far during the day. The stock had hit a record high of Rs 1,195 on 16 February 2015. The stock had hit a 52-week low of Rs 701 on 14 March 2014.
The stock had outperformed the market over the past one month till 24 February 2015, rising 1.76% compared with 0.94% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 14.72% as against Sensex's 1.77% rise.
The large-cap FMCG firm has equity capital of Rs 34.04 crore. Face value per share is Re 1.
Godrej Consumer Products said that the company has entered into an agreement with the Darling Group for increasing its shareholding in Darling South Africa and Mozambique businesses to 90% in line with its intent of gradually scaling up its ownership of the Darling businesses.
Godrej Consumer Products' consolidated net profit rose 34.6% to Rs 263.57 crore on 12.5% rise in total income to Rs 2249.23 crore in Q3 December 2014 over Q3 December 2013.
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