Godrej Industries to Godrej Agrovet, all Godrej Group stocks jump 1-5% as 127-year business is split into two

In early trading on Thursday, shares of Godrej Group companies, including Godrej Industries, Godrej Consumer Products, and Godrej Agrovet, witnessed significant gains ranging from 1% to 5%. This surge comes in the wake of the announcement that the Godrej family has reached an agreement to divide the conglomerate into two branches.

As per the Family Settlement Agreement disclosed on the stock exchanges by the company, Adi Godrej and his brother Nadir Godrej will retain control over the listed entities, while their cousin Jamshyd will assume control of the unlisted companies and the extensive land bank holdings.

Under the terms of the agreement, the shareholdings of family members will be realigned across the companies to reflect their inherited businesses. Both groups will continue to operate under the prestigious Godrej brand. Additionally, the agreement addresses various issues including royalty, brand usage, and land bank development.

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However, the company noted that regulatory approvals for the realignment of shareholdings are pending.

Godrej Group stocks performance in past one year

Godrej Industries

In terms of stock performance, Godrej Industries shares have demonstrated positive returns across multiple time frames. Over the past month, the stock has given a commendable 22.91% return, showcasing its stability and growth potential. The last six months have seen even more impressive results, with a substantial increase of 54.17%, indicating a strong upward trend.

Year-to-date, Godrej Industries shares have surged by 25%, reinforcing the stock’s positive momentum in the current fiscal year. Looking at the broader picture, the stock has delivered an impressive return of over 115.31% in the last twelve months, emphasizing its sustained growth and attractiveness to investors.

Godrej Consumer Products

Godrej Consumer Products shares have delivered positive returns across various time frames. Over the last month, the stock has shown a positive return of 3.34%, indicating short-term growth. In the last six months, the performance has been even more impressive, with a substantial increase of 26.07%, showcasing the stock’s resilience and upward momentum.

Year-to-date, Godrej Consumer Products shares have surged by 9.15%, emphasizing the stock’s positive trajectory in the current calendar year. Looking back over the last twelve months, the stock has demonstrated significant growth, surpassing 35.32%. These consistent positive returns underscore the stock’s strong performance and appeal to investors.

Godrej Agrovet

The shares of Godrej Agrovet have demonstrated positive returns across various time intervals. In the last month, the stock delivered a positive return of 9.66%. Over the past six months, it exhibited strong momentum with returns of 20.26%, indicating a robust performance.

Year-to-date figures further emphasized the stock’s bullish trend, recording an impressive growth of 2%. Looking at the broader horizon, the shares have shown consistent strength, given returns of over 27% in the last year.

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