Godfrey Phillips India hits record high; stock zooms 100% in 6 months

In October 2022, Godfrey Phillips divested from the chewing business by sale/ assignment of associated trademarks and certain non-current assets to focus more on cigarette business

Shares of Godfrey Phillips India rallied 7 per cent, hitting a record high of Rs 2,134.35 on the BSE in Monday's intra-day trade. The stock of cigarettes & tobacco products maker surpassed its previous high of Rs 2,101.40, touched on December 12, 2022. In the past six months, the market price of the company has zoomed 100 per cent, as compared to 12 per cent rise in the S&P BSE Sensex.

In the past three months, the stock has surged 63 per cent after the company reported 48 per cent year-on-year (YoY) jump in its net profit at Rs