A maturing market amid the mayhem
Godrej Consumer jumps 13.8 pct
Shares of personal products maker Godrej Consumer Products vaulted nearly 14 percent on Thursday to the top of the BSE Mid-cap index with volumes of 0.65 million shares.
On Wednesday, U.S.-based Sara Lee Corp had announced it would sell its 51 percent stake in Godrej Sara Lee Ltd joint venture to Godrej Consumer Products for $233.7 million. Godrej on Thursday said its revenues would rise 86 percent in FY11 following the buyout.
Investors would be a happy lot as Godrej Consumer shares have gained over 16 percent in May so far.
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