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Godfrey Phillips India drops on profit booking after steep rally

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Godfrey Phillips India slumped 4.32% to Rs 965.70 at 11:25 IST on BSE, on profit booking after surging 60.16% in six trading days.

Meanwhile, the BSE Sensex was down 17.27 points, or 0.06%, to 27,347.65

On BSE, so far 65,988 shares were traded in the counter, compared with an average volume of 15,653 shares in the past one quarter.

The stock hit a high of Rs 1,001.10 and a low of Rs 922.35 so far during the day. The stock hit a record high of Rs 1,018.65 yesterday, 19 October 2015. The stock hit a 52-week low of Rs 411 on 27 March 2015.

 

The stock had outperformed the market over the past one month till 19 October 2015, surging 53.96% compared with Sensex's 4.37% rise. The scrip also outperformed the market in past one quarter, gaining 77.33% as against Sensex's 3.86% fall.

The mid-cap cigarette maker has equity capital of Rs 10.40 crore. Face value per share is Rs 2.

Shares of Godfrey Phillips India were on a roll recently, surging 60.16% in six trading days to settle at Rs 1,010.45 yesterday, 19 October 2015 from a recent low of Rs 630.90 on 9 October 2015.

Godfrey Phillips India reported 32.9% fall in net profit to Rs 53.78 crore on 14% fall in net sales to Rs 587.71 crore in Q1 June 2015 over Q1 June 2014.

Godfrey Phillips India, a flagship company of the K.K. Modi Group, is one of India's largest cigarette manufacturers. The company makes cigarette brands including Four Square, Red & White, and Cavanders, as well as Hawk Eye brand of premium cigarettes. The company exports its own cigarette brands, like Jaisalmer, Stellar and Black Jack among others, all over the globe. And under a license agreement with Philip Morris, it manufactures and markets Marlboro cigarettes in India.

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First Published: Oct 20 2015 | 11:39 AM IST

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