Godrej Consumer has increased the wealth of its investors 3 times in 10 years.
The company was listed in 2001 and has given returns of over 21,000% since then.
On Friday, the company’s shares closed with a gain of more than 2 percent.
New Delhi. Investors come to the stock market with the intention of converting their small investment into big returns in a short period of time. There are many companies that have fulfilled this wish to their investors. One such company is Godrej Consumer. However, just as it takes time for a plant to become a tree and then bear fruit, the stock market also helps those who run long in it. Godrej Consumer was listed in the market in 2001. It has given a return of 21,000 per cent to its shareholders since then.
Even though its shares may have come down a bit in the last one year, but during this time there were many such factors due to which almost the entire market collapsed. In such a situation, it was not easy to avoid any stock completely. Despite this, there was no major fall in this stock in a year.
Godrej Consumer Shares Price History
The stock closed with a gain of 2.29 percent on Friday. At present its price is Rs 874 per share. Talk about the last one month, it has declined by 0.68 percent. At the same time, this stock has fallen 10 percent in the last one year. However, it has given a return of 45.70 per cent to its investors in a span of 5 years. At the same time, in the last 10 years, this stock has increased by 311 percent. That is, it has given more than 3 times returns to its investors during this period. The company has given a return of 21,217 per cent to its investors in the 21 years since its listing.
how much did the investment increase
If you had invested Rs 1 lakh in this stock a year ago, it would have come down to Rs 89,890. At the same time, if you had invested the same amount in it 5 years ago, it would have increased to Rs 1,45,770. If you had invested Rs 1 lakh in this stock 10 years ago, your amount would have increased to Rs 4,11,000. But the biggest profit has been made by those people who invested 1 lakh rupees in its beginning and kept their investment. Today this amount has increased to Rs 2.13 crore.
Company’s profit decreased
Godrej Consumer’s consolidated net profit declined 16.56 per cent to Rs 345.12 crore in the first quarter of FY 2022-23. The company gave this information to the stock market on Wednesday. With this, it had earned a net profit of Rs 413.66 crore in the April-June quarter of the previous financial year. However, its income has increased by 8.08 per cent to Rs 3,094.31 crore. It was Rs 2,862.83 crore in the same quarter a year ago. The company’s total expenses also increased by 13.64 per cent to Rs 2,696.29 crore in the quarter under review as against Rs 2,372.65 crore in the same quarter last fiscal.
FIRST PUBLISHED : August 06, 2022, 10:00 IST