Latest news with #GodrejConsumerProductsLimited
Mint
08-07-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 8 July
On Monday, Nifty50 traded in a narrow range and closed flat amid cautious investor sentiment. The subdued movement was driven by global uncertainty ahead of the US tariff decision, which weighed on risk appetite. While FMCG and Consumption stocks provided support, weakness in IT and Metal stocks capped gains. Low trading volumes and a declining volatility index, with the India VIX near 9-month lows, reflected a wait-and-watch approach ahead of the tariff decision and Q1 numbers. Two stock recommendations by MarketSmith India for 8 July: Buy: Godrej Consumer Products Limited (current price: ₹ 1268.40) Also Read: India's share in global market cap up from recent low—but risks remain Buy: Hindustan Unilever Ltd (current price: ₹2410.40) Also Read: Optimistic HUL targets 10% earnings growth over medium-to-long term Nifty 50: How the Benchmark Index Performed On Monday, Nifty50 traded within a narrow intraday range of 83 points, oscillating between 25,490–25,407, and ended the session on a flat note. The price action resulted in the formation of a narrow-range candle on the daily chart, reflecting indecision amid low volatility. On the sectoral front, FMCG and consumption stocks outperformed, led by gains in HUL, Godrej Consumer, and ITC. In contrast, most other key sectoral indices and broader market segments closed flat to negative, causing the market breadth to weaken, with the advance-decline ratio settling at 2:3. Technically, Nifty50 continues to maintain a structurally bullish setup, trading firmly above its key moving averages. The recent price action suggests a phase of short-term consolidation. The relative strength index (RSI) on the daily chart is hovering near 61, reflecting a neutral-to-positive bias without entering overbought territory. Simultaneously, the MACD remains in positive territory, with a bullish crossover intact and trending flat above the central line. According to O'Neil's methodology of market direction, Nifty reclaimed its recent high of 25,116. Hence, the market status has been upgraded to a Confirmed Uptrend as of 11 June 2024. Nifty50 witnessed a volatile trading session on Monday, reflecting investor caution ahead of key global macroeconomic events. Despite the intraday fluctuations, the broader market structure remains constructively bullish. The key support levels are situated around 25,200, followed by 25,000, which are likely to cushion any downside pressure. On the upside, resistance is observed near 25,600–25,700, and a decisive move beyond this range could pave the way for a renewed upward trajectory. Also read: data-vars-page-type="story" data-vars-link-type="Manual">For Nuvama Wealth, Jane Street impact is more about sentiment than financials How did Nifty Bank Perform? Bank Nifty witnessed a volatile, roller-coaster trading session on Monday and ended with a marginal loss of 0.15%. After opening on a weak note, the index oscillated between positive and negative territory throughout the day. The price action resulted in the formation of a doji candle with a long upper shadow on the daily chart, signaling profit booking at higher levels and indecision near resistance zones. Mirroring this trend, Nifty Financial Services (FINNIFTY) also traded volatile and closed slightly lower, declining by 0.12%. Technically, Bank Nifty remains positioned above all its key moving averages across multiple timeframes, reaffirming the strength of its broader bullish structure. However, short-term momentum indicators point toward potential consolidation. The relative strength index (RSI) on the daily chart is trending downward and currently hovers around 57, indicating a loss of upward momentum. Additionally, the MACD has turned negative, accompanied by a bearish crossover, further supporting the possibility of a near-term pause or corrective phase within the ongoing uptrend. As per O'Neil's methodology of market direction, Bank Nifty remains in a "Confirmed Uptrend", a trend it has sustained over the past few weeks. Bank Nifty exhibited a choppy intraday session yet successfully held its previous day's low and closed flat. The broader structure remains bullish, with the index consolidating in a range of 56,500–57,500. A sustained move above 57,000 could propel it toward 58,500–59,000 in the upcoming sessions. Conversely, if 57,000 fails to hold, volatility may intensify, confining the index within 57,000–56,000. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, developed by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
07-07-2025
- Business
- Business Upturn
Godrej Consumer Products shares jump 5% today as company forecasts strong Q1 and FY26 outlook
By Aditya Bhagchandani Published on July 7, 2025, 09:18 IST On Monday, 7th July, shares of Godrej Consumer Products Limited rose sharply by 4.99% to ₹1,252.40 on the NSE, gaining ₹59.50 during the session. The rally followed the company's positive business update and continued brokerage support. On Friday, 4th July, the FMCG major said it expects to report double-digit consolidated revenue growth in Q1 FY26, driven by high single-digit underlying volume growth (UVG). The standalone business is projected to post high single-digit value growth, supported by mid-single-digit UVG, which has shown sequential improvement and strong competitiveness. The home care segment is expected to post double-digit growth in both value and volumes, while personal care is likely to see low single-digit value growth, impacted by the soaps category. Excluding soaps, which are undergoing price-volume rebalancing, the company expects a strong quarter with double-digit UVG from the standalone portfolio. The company maintained its full-year FY26 guidance, projecting mid to high single-digit UVG for the standalone business, high single-digit consolidated revenue growth, and double-digit consolidated EBITDA growth. Standalone EBITDA margin for Q1 is expected to remain below its normative range, with improvement expected in later quarters. Internationally, the Indonesian business is facing heavy pricing pressure and is expected to show flattish UVG, while the Godrej Africa, USA, and Middle East (GAUM) business is projected to deliver strong double-digit growth in value and volumes for the second consecutive quarter. Brokerage HSBC reiterated its 'Buy' rating on GCPL with a target price of ₹1,420, suggesting an 18.5% upside from its earlier close of ₹1,198. HSBC highlighted the resilience in domestic demand and strength in the home care portfolio as key growth drivers. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Fashion Network
21-04-2025
- Business
- Fashion Network
Godrej launches first vertical storage warehouse in Bhiwandi
Godrej Consumer Products Limited has launched its first ever vertical storage warehouse in Maharashtra. Located in Bhiwandi, the new facility measures 2.84 lakh square feet and is part of the business' work towards improving operational efficiency. 'The launch of our first vertical storage warehouse is a transformative step in our journey toward building a smart, agile, and future-ready supply chain," said Godrej Consumer Products Limited's head of product supply organisation for India and SAARC Saurabh Jhawar, Indian Retailer Bureau reported. "In just 18 months under Project Parivartan, we have upgraded a majority of our key logistics hubs to Grade A facilities. This new warehouse in Maharashtra stands as a beacon of our commitment to operational excellence, digital integration, and sustainable growth- allowing us to serve our consumers with enhanced speed, safety, and care.' Designed to contribute to modernising the fast moving consumer goods business' logistics infrastructure, the Bhiwandi facility houses a high-density G+6 vertical racking system which offers more than 3,200 pallet positions. The design aims to maximise storage capacity while occupying the smallest possible footprint. The storage warehouse will connect with operations across Maharashtra, Madhya Pradesh, Goa, and Gujarat as a distribution hub. Designed to process more than 60,000 cases each day, the facility features a range of automated systems and environmental sensors.
