Godrej Consumer share price rallied nearly 8% to hit a 52-week high of ₹1,349.65 apiece on the BSE Tuesday after the company’ fourth quarter earnings beat analysts’ estimates.The FMCG major Godrej Consumer Products posted a net loss of ₹1,893 crore in Q4FY24 as against a net profit of ₹452 crore in the year-ago period. The company had incurred a one-time exceptional loss of ₹2,376 crore.
Open FlipStock Market News: The domestic benchmark indices, the Sensex and Nifty 50, kicked off Tuesday's trading session with modest gains amid positive global cues on reaffirmed optimism that major central banks will begin cutting interest rates this year. On stocks in focus on Tuesday, Ruchit Jain recommends buying two stocks: Hindustan Unilever Ltd (HUL) and Dabur India Ltd.
Open FlipMultibagger Lupin share price declined more than 4% in morning trades on Tuesday post Q4 earnings performance reported on Monday post market hours. Lupin Ltd net profit for the quarter ending March at ₹359.4 Crore declined 41.4% sequentially over ₹613 crore in the December'2023 quarter. The expectations had remained high from Lupin Ltd.
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