Godrej Consumer Products Shares Gain On Plans To Raise Rs 5,000 Crore Via NCDs
Shares of Godrej Consumer Products Ltd. gained on Wednesday on plans to raise Rs 5,000 crore through bond sales.
The board of the company will meet on May 10 to consider raising funds by issuing non-convertible debentures in an amount of up to Rs 5,000 crore in one or more tranches, according to an exchange notification.
Shares of the company rose 2.49% to Rs 946.9 apiece, compared to a decline in the benchmark NSE Nifty 50 by 0.19% as of 11:18 a.m.
The stock advanced as much as 3.54% intraday, rising the most since Jan. 5.
Total traded volume so far in the day stood at 6.3 times its 30-day average.
Out of the 38 analysts tracking the company, 29 maintain a 'buy' rating, seven recommend a 'hold,' and two suggest to 'sell' the stock, according to Bloomberg data. The average 12-month consensus price target implies an upside of 8.6%.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
