Godrej Consumer Products (GCPL), one of
the leading FMCG companies, fell on Thursday after reporting
lower-than-expected profit forthird quarter of financial year
2012-13.
The company posted a marginal rise of 2.99% in consolidated net profit to Rs 1.72 billion for the quarter ended Dec. 31, 2012 as compared to Rs 1.67 billion in the same period last year. The market was expecting profit to come at Rs 2.02 billion.
During the quarter, the company saw a rise of 25.55% in total
income to Rs 17.10 billion from Rs 13.62 billion in the same
quarter last year. 
Shares ofthe companyare trading at Rs
706, down Rs 14.9, or 2.07% at the Bombay Stock Exchange (BSE) on
Thursday at 12:37 p.m.The scrip has touched an intra-day high of Rs
726.15 and low of Rs 700. The total volume of shares traded at the
BSE is 33,848.In the earlier session, the shares lost 0.46%, or Rs
3.35, at Rs 720.90. Currently, the stock is trading down 8.05% from
its 52-week high of Rs 767.80 and above 67.88% over the 52-week low
of Rs 420.55.
Post a Comment