Godrej Consumer Products rises on inking MoU with State Government of Tamil Nadu
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Godrej Consumer Products is currently trading at Rs. 1024.70, up by 5.80 points or 0.57% from its previous closing of Rs. 1018.90 on the BSE.
The scrip opened at Rs. 1018.90 and has touched a high and low of Rs. 1032.00 and Rs. 1018.90 respectively. So far 15163 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1101.55 on 06-Jul-2023 and a 52 week low of Rs. 793.70 on 10-Nov-2022.
Last one week high and low of the scrip stood at Rs. 1041.15 and Rs. 999.05 respectively. The current market cap of the company is Rs. 104786.71 crore.
The promoters holding in the company stood at 63.21%, while Institutions and Non-Institutions held 30.91% and 5.87% respectively.
Godrej Consumer Products (GCPL) has signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu. As a part of this MoU, GCPL will establish a state-of-the-art manufacturing facility in the state, making an investment of Rs 515 crore over the course of the next five years.
The upcoming manufacturing facility will be strategically located in Thiruporur Taluk, Chengalpattu District near Chennai, Tamil Nadu. This strategic choice guarantees access to crucial southern markets and facilitates meeting requirements in neighboring regions.
Godrej Consumer Products is a leading emerging markets company.
