Godrej Consumer at new high

Today morning almost all defensive stocks are up in the high. Investors seem to be stocking up on these stocks to get over the rough weather and Godrej Consumer Products is a part of the same buying pattern. HUL, Dabur, GSK Consumer, Asian Paints all are strongly up in the green.

Godrej Consumer today hit a new 52-week high at Rs.937.95.Though the stock has come off the high levels, it continues to remain strongly in the green at Rs.932 levels, up almost 4%. Interestingly, last year same day, 18^th July 2012, the stock had hit a new 52-week low at Rs.568.25. In one years time, a complete turnaround in perceptions and buying attitude.