Godrej Industries spurts on subsidiary hiking product prices of consumer durable products

04 Jul 2013 Evaluate

Godrej Industries is currently trading at Rs. 308.30, up by 3.00 points or 0.98 % from its previous closing of Rs. 305.30 on the BSE.

The scrip opened at Rs. 304.25 and has touched a high and low of Rs. 312.00 and Rs. 303.05 respectively. So far 11307 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 331.95 on 09-Jan-2013 and a 52 week low of Rs. 226.40 on 24-Jul-2012.

Last one week high and low of the scrip stood at Rs. 316.70 and Rs. 297.00 respectively. The current market cap of the company is Rs. 10391.82 crore.

The promoters holding in the company stood at 74.96% while Institutions and Non-Institutions held 14.04% and 11.00% respectively.

In a bid to offset rising input costs due to the rupee’s depreciation against the dollar, Godrej Industries’ subsidiary Godrej Appliances has increased prices of its consumer durable products across categories by up to 5%. Following the price hike, the company is selling air-conditioners, refrigerators, washing machines and microwave ovens at prices ranging from Rs 4,790 to Rs 44,800.

Godrej Appliances has two units at Mohali and Pune with a capacity to manufacture 2 million refrigerators and 0.5 million washing machines.

Godrej Industries is part of the Godrej group, one of the leading business groups in India and is in the businesses of Oleo-chemicals, surfactants, finance & investments and estate management. It has substantial interests in several industries including property development, oil palm plantation, animal feeds and agro-products, poultry, personal care and household care etc., through its subsidiaries, associate companies and joint venture.

Godrej Industries Share Price

1124.50 5.20 (0.46%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Tata Chemicals 1034.90
SRF 2283.05
Pidilite Inds. 2948.40
Aarti Inds 409.65
Atul 7029.10
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.