GODREJ INDUSTRIES Plunges by 5%; BSE 500 Index Down 3.5%
May 18, 2020 03:27 PM

GODREJ INDUSTRIES share price has plunged 5% and is presently trading at Rs 258.

Meanwhile, the BSE 500 Index is at 11,969 (down 3.5%).

Among the top losers in the BSE 500 Index today are GODREJ INDUSTRIES (down 5.1%) and SHREE CEMENT (down 5.6%).

CIPLA (up 5.5%) and GSK CONSUMER (up 5.1%) are among the top gainers today.

Over the last one year, GODREJ INDUSTRIES has moved down from Rs 444 to Rs 258, registering a loss of Rs 186 (down 42.0%)..

The BSE 500 has moved down from 14,498 to 11,969, loss of 2,529 points (down 17.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 510.2%), ABBOTT INDIA (up 135.4%) and NAVIN FLUORINE (up 126.9%).

What About the Benchmark Indices?

The BSE Sensex is at 31,248 (down 3.5%). The top gainers among the BSE Sensex stocks today are TCS (up 2.7%), INFOSYS (up 1.2%) and ITC (up 0.3%). Other gainer include HCL TECHNOLOGIES (up 0.1%). The most traded stocks in the BSE Sensex are ITC and INFOSYS.

In the meantime, NSE Nifty is at 9,158 (down 3.4%). CIPLA (up 5.6%) and TCS (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,115 to 31,248, registering a loss of 5,867 points (down 19.18%).

GODREJ INDUSTRIES Financial Update...

GODREJ INDUSTRIES net profit declined 447.9% YoY to Rs 782 million for the quarter ended December 2019, compared to a loss of Rs 225 million a year ago. Net Sales rose 9.0% to Rs 27.0 billion during the period as against Rs 24.7 billion in October-December 2018.

For the year ended March 2019, GODREJ INDUSTRIES reported 78.3% increase in net profit to Rs 8.6 billion compared to net profit of Rs 4.8 billion during FY18.

Revenue of the company grew 22.1% to Rs 111 billion during FY19.

The current Price to earnings ratio of GODREJ INDUSTRIES, based on rolling 12 month earnings, stands at 16.2x.