Godrej Consumer Products Hits 52-Week High, Outperforms FMCG Sector

Godrej Consumer Products, a leading FMCG company, has recently hit a 52-week high on the stock market. The company's stock price reached Rs. 1382 on June 5th, 2024, which is also an all-time high for the company. This positive performance has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Hold'.

In terms of price performance, Godrej Consumer Products has outperformed the FMCG sector by 0.43% today. The stock has been on a consecutive gain for the last 3 days and has seen a 7.49% increase in returns during this period. The intraday high for the stock was Rs. 1382, which is a 2.49% increase from the previous day.

Moreover, Godrej Consumer Products is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. The FMCG sector as a whole has also seen a gain of 2.63%.

In terms of overall performance, Godrej Consumer Products has shown a 30.85% increase in the last year, outperforming the Sensex's performance of 15.73%. This showcases the company's strong growth and stability in the market.

With its consistent performance and positive outlook, Godrej Consumer Products continues to be a strong player in the FMCG industry. Investors can consider holding onto their stocks for now, as suggested by MarketsMOJO.