XTRAS:GCPL is the leader in serving the hair care needs of women of African descent, the number one player in hair colour in India and Sub-Saharan Africa, and among the leading players in Latin America.
Godrej Consumer Products Ltd (GCPL) is one of the leading Fast Moving Consumer Goods (FMCG) companies in India. The company has five product segments namely Household Insecticides Soaps Hair Colors Liquid Detergents and Air Fresheners. For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 3,186.29 Crore, up 9.29 % from last quarter Total Income of Rs 2,915.35 Crore and up 8.78 % from last year same quarter Total Income of Rs 2,929.06 Crore. Company has reported net profit after tax of Rs 478.68 Crore in latest quarter. As on 30-09- 2021, the company has a total of 102.26 Crore shares outstanding.
Net Profit Margin: 15.03% ROE: 19.25%
Debt to Equity Ratio: 0.00 (as on 31-Mar 2021) EPS: 11.97
P/E Ratio (Latest): 55.47
Analysis
The script was on bullish trend since May of 2021 until Sep of 2021. Then it reversed and went into correction phase from 1150 levels, and now it has taken support at 900 levels. It has shown sign of reversal and peaked above crucial 950 mark. It faces short term resistance at 1015 and medium-term resistance at 1070 mark. It has immediate support at 940 level and medium-term support at 890 levels. According to Fibonacci retracement, it has target resistance of 1014 and 1110 for short and medium term. It has positive EMA (13, 26) crossover at 960 level recently which indicates it will continue its trend reversal in positive direction until next resistance. Recently it moved above its SMA 50 and is trading slightly lower than SMA 100, which indicates stock is correcting itself on longer timeframe. On longer timeframe price is touching Ichimoku cloud from just below which indicates strong signs of transition into bullish trend. RSI levels are around 55-60 compared to 3 month average of 35-40.
The Volume of traded quantity stood at 4, 06, 673 on closing basis at NSE as compared to weekly average of 14 lac and 3-month average of 11 lac indicating lower & decreasing volumes at lower levels of correction which is a sign of reversal. Latest delivery percentage stood at 25.8 % as of last closing day, compared to monthly average of 47.0%.
At an underlying value of 955 and monthly expiry on 30th Dec. 2021, option contracts witnessed highest Open Interest at the strike price of 950 and 2nd highest at the strike price of 980, indicating monthly expiry in the range of 950 to 980 as per Max pain theory. In January. expiry, good writing is recorded on call side at 1000 and on put side at 950, indicating a tough fight between bulls and bears. be. Options of this script have less volume so it will be good to have a broad view.
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