Godrej Industries shares fell by 7 per cent to Rs 893 a share, while Godrej property's share fell by 4.4 percent to Rs 2,532 a share
Shares of Godrej Group companies rallied up to 9 per cent in Thursday's trading session after the Group announced a split in the 127-year old family business.
Technical outlook on Godrej group listed stocks: Shares of Godrej family have delivered mind-boggling returns of up to 73 fold in the past years. Here's what to expect in the near term.
To acquire 20.84% stake in Godrej Industries from Jamshyd Godrej family
Godrej Agrovet, Godrej Industries, Godrej Properties can potentially rally up to 10% from current levels, while Astec Life and Godrej Consumer Products can fall up to 17%, suggest charts.
The company reported a net loss of Rs 5 crore for Q4FY23 as against a net profit of Rs 43.10 crore in a year ago period.
Astec LifeSciences, a subsidiary of Godrej Agrovet (GAVL), on Tuesday launched its Research and Development (R&D) centre in Rabale, Maharashtra. The facility 'Adi Godrej Centre for Chemical Research and Development' will focus on innovation and developing sustainable and safe solutions for people and the environment and providing services to innovator companies in the contract development & manufacturing space, the company said in a statement. "The CDMO (Contract Development and Manufacturing Organisation) market for chemicals in India is expected to grow at a CAGR of 12 per cent as against the global rate of 10 per cent. This underlines the potential in this sector, and our new facility will enable us to expand our offerings specifically in CDMO space," Astec LifeSciences Chief Executive Officer Anurag Roy said. It will also make the company a partner of choice through its improved ability of providing end-to-end solutions to customers from the R&D stage to development to
With the rally in the past two days, the stock has bounced back 40 per cent from its 52-week low of Rs 1,050 touched recently on Tuesday, March 28
The stock of pesticides & agrochemicals company surpassed its previous high of Rs 2,178.85, which it had touched on July 20, 2022
The domestic agrochemical industry has benefitted from the global supply-chain disruptions caused by the tightened environment regulations in China.
The stock rallied 16% to Rs 629, extending its Friday's 20% surge on BSE.