Godfrey Phillips India Ltd shares surged over 7% to hit a record high 2,143 points on the BSE in Monday’s trading session. The stock has been in an uptrend over the past few days and has gained more than 7% in last five trading sessions.
Shares of Godfrey Phillips have nearly doubled in the past six months as the counter has gained nearly 98% during this period, trading around the overvalued level. currently hovering above 1,000 2,140 per share.
Godfrey Phillips India is a leading Fast Moving Consumer Goods (FMCG) company in the country with cigarette brands such as Four Square, Red & White and Cavenders to its name. It also has an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the Marlboro brand in India.
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