Godrej Industries up 4.2% in 2 weeks Friday January 03, 2020
STOCK REPORT
Godrej Industries Ltd. (NSE:GODREJIND), India's 3rd largest Commodity chemicals company by market cap, extended its gains in the past week ended Friday, rising an additional Rs9.10 (or 2.1%) to close at Rs434.25. The shares have climbed Rs17.45 (or 4.2%) over the past two weeks. Compared with the BSE SENSEX Index which fell 216.9 points (or 0.5%) in the two weeks, this represented a relative price increase of 4.7%. The volume was 0.2 times average trading per week of 1.6 million shares.
The stock traded between an intraweek low of Rs420.50 and a four-week high of Rs437.50.
It is at a discount of 21.4% to the 12-month high of Rs552.30 on 27 Mar, 2019. It is also at a premium of 15.5% to the 12-month low of Rs376.0 on 10 Oct, 2019.
The price is at a premium of 3.3% to the 3-month volume weighted average price of Rs420.24. Given that this premium has been under 3.3% forty times and over 3.3% eleven times in the last year, the downside:upside probability is estimated at 40:11 or 3.6:1. The Volume Weighted Average Price (VWAP) is the summation of turnover [or price at which shares were sold times the volume of shares] divided by the total volume and represents an average based on turnover of all transactions over the period. In the past week the Volume Weighted Average Price was Rs430.0, up from Rs421.17 in the previous week. Average weekly volume of 1,644,690 shares rose 22.9% from 1,337,916 shares. The 5-week VWAP is Rs428.17.