Godrej Consumer Products Limited (GCPL) share news today

Portions of Godrej Shopper and Raymond were feeling the squeeze on Friday, April 28, after Godrej Buyer (GCPL) declared the procurement of the FMCG business of Raymond Purchaser Care Restricted (RCCL) worth Rs 2,825 crore.

"Godrej Consumer Products Limited (GCPL) today announced that it has agreed to acquire Raymond Consumer Care Limited (RCCL), a leading player in India's deodorants and sexual wellness markets. Godrej Consumers disclosed this information in a regulatory filing on April 27. "The RCCL FMCG business is being sold to GCPL through a slump sale along with the trademarks of Park Avenue (for the FMCG category), KS, KamaSutra, and Premium."

Godrej Consumer shares were trading at Rs 918.8 each on the NSE, which was more than 3% lower when this report was written. On BSE, the stock cited Rs 915.95 per share.

In the interim, portions of Raymond Ltd fell more than 5% on NSE and exchanged at Rs 1,617.4 each, and on BSE, the scrip traded at Rs 1618 for every offer.

In a presentation to investors, Godrej Consumer stated that it had acquired Raymond's FMCG business due to the strong growth runway, strong but under-leveraged brands, and significant cost synergies of Raymond's categories.

What do analysts have to say about Raymond and Godrej Consumer?

Systematrix Research, a broker, has given Raymond a "buy" recommendation with a target price of Rs. 1,832 per unit.

The brokerage claims that the current management team appears determined and motivated to aggressively pursue its agenda of Go To market rebranding, digital integration, cash generation, and cost reduction.

"Raymonds has seen a sharp flood during April where it saw an opposite ascent from Rs 1,100 to Rs 1,750. The sudden increase in volume with the up move suggests that strong hands have entered the counter. According to Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas, "The daily momentum indicator has triggered a positive crossover from the equilibrium line, indicating that it has started a new cycle on the upside."

Gedia added considering the sharp runup somewhat recently, a union can't be precluded. Nonetheless, the, by and large, upswing is as yet flawless. A buy-on-dip strategy is the best way to trade or invest in the stock. The region between Rs 1500 and Rs 1520 provides crucial support. From a medium-term perspective, the stock could reach Rs 2000 on the upside.

Nuvama has suggested purchasing Godrej Consumer shares at a target price of Rs 1,130 per share. The brokerage that added GCPL has been maintaining the growth momentum through constant innovation.

Analysts, on the other hand, believe that GCPL stock may undergo additional corrections.

"Godrej Consumer Products experienced a sharp correction from approximately 1000 levels after being in a medium-term uptrend. A sell signal is a negative crossover between the daily and weekly momentum indicators. According to India, "it has broken down from a rising wedge pattern in terms of price pattern indicating a trend reversal from up to down."

He continued, "We expect the stock to correct over the medium term until levels of Rs 867 to Rs 830," which are the 38.2% and 50% Fibonacci retracement levels of the rise from Rs 660 to Rs 995, respectively.

Godrej Buyer shares cost history

On a year-to-date (YTD) premise, the portions of Godrej Buyer rose north of 2% when contrasted with Nifty50's plunge of more than 1%

In the half year, the stock rose more than 4% when contrasted with the title list's ascent of almost 1%.

The price history of Raymond shares On a year-to-date (YTD) basis, Raymond shares have increased by nearly 8%, whereas the Nifty50 has lost over 1%.

Compared to the rise of the headline index, which has increased by nearly 1%, the stock has risen by over 39% over the past six months.

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Prior, portions of the organization saw a hole-up opening in the first part of the day.

Up until 12:41 PM (IST), 25,642 million shares were traded on the counter.

The load of Godrej Properties Ltd. directed a market worth Rs 36281.8 crore, as indicated by BSE.

The price-to-book value ratio was 5.36, and the price-to-earnings (P/E) multiple was 86.44 for the stock. Return on value (ROE) was at 4.06 percent, as indicated by trade information.

373 of the stocks in the BSE500 pack traded in the green, while 128 sold in the red.

The stock had a beta value of 1.27, which measures volatility compared to the whole market.

As of March 31, 312023, Promotor/FII Holding Promoters owned 58.42 percent of Godrej Properties Ltd., while overseas and domestic institutional investors owned 27.09% and 2.72%, respectively.

Moving midpoints

The 200-DMA of the stock remained at 1255.02 in April 28Apwhile the 50-DMA was at 1157.86. A stock's immediate trend is typically upward if it trades below the 50-DMA and 200-DMA. On the other hand, a bearish trend occurs when the stock trades below the 50-DMA and 200-DMA, while a positive trend occurs when the stock trades between the 50-DMA and 200-DMA.