Godrej Consumer Products shares climbed approximately 2% in early trading on Thursday, breaking a two-day downward trend as investors reacted to a positive rating change from ICICI Securities.
The stock opened at ₹1,065.65 on the BSE, buoyed by the brokerage’s decision to upgrade the equity to 'Buy' from its previous stance.
ICICI Securities raised its price target for the consumer goods major to ₹1,300, signaling confidence in the company’s near-term trajectory.
The upgrade reflects the broker’s expectation of double-digit revenue growth and a stabilizing performance in critical international markets, which have been key drivers for the firm’s valuation.
The move comes as broader sentiment in the Indian FMCG sector shows signs of resilience, with investors increasingly looking for pockets of growth amid mixed macroeconomic signals.
The upgrade adds to a week of positive broker activity in the Indian equity space, following similar rating improvements for other large-cap names such as Dalmia Bharat.