Godfrey Phillips rose 4.17% to Rs 1047 after media reports suggested that Philip Morris International and Altria may merge once again.
More than 10 years after splitting their operations, Philip Morris International is once again in talks to merge with Altria. The deal would reunite the makers of Marlboro brand and create the world's largest tobacco group with a market value of nearly $200 billion. Philip Morris sells cigarettes internationally while Altria does business in the United States.As on 30 June 2019, Philip Morris Global Brands Inc. held 25.1% stake in Godfrey Phillips India.
Godfrey Phillips India has an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India.
On the BSE, 39175 shares were traded in the counter so far compared with average daily volumes of 17302 shares in the past one quarter. The stock hit a high of Rs 1098 and a low of Rs 1023 so far during the day.
The stock hit a 52-week high of Rs 1209 on 15 Apr 2019. The stock hit a 52-week low of Rs 640.45 on 08 Oct 2018.
The stock outperformed the market over the past one month, soaring 39.50% compared with 0.12% rise in the Sensex. It also outperformed the market in past one year, jumping 17.69% as against Sensex's 2.72% rise.
On a consolidated basis, net profit of Godfrey Phillips India surged 106.49% to Rs 118.63 crore on 40.12% rise in net sales to Rs 800.73 crore in Q1 June 2019 over Q1 June 2018.
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