Important news related to

GODFRYPHLP

' Strong Q3 Results Godfrey Phillips India Ltd shares resumed their upward run on Friday after a single-day halt. The stock zoomed 20 per cent to hit an upper price band of Rs 5979.50. At this price, the multibagger scrip has rallied 138.76 per cent in a year. Today's sharp stock upmove came after the cigarette maker announced strong third-quarter (Q3) results for the financial year 2024-25 (FY25). Net profit soared 48.7 per cent year-on-year (YoY) to Rs 315.9 crore in the December 2024 quarter from Rs 212.4 crore in the year-ago period. Revenue (without excise duty) surged 27.3 per cent YoY to Rs 1,591.2 crore in Q3 FY25 as against Rs 1,249.6 crore in the corresponding period last fiscal. Earnings before interest, tax, depreciation and amortisation (Ebitda) climbed 57.6 per cent YoY to Rs 358.8 crore in Q3 FY25 from Rs 227.7 crore in Q3 FY24. Technical Analysis and Outlook On technical setup, support on the counter could be seen at Rs 5,450 level. Rupak De, Senior Technical Analyst at LKP Securities, said, "The stock has given a falling channel breakout on daily charts, indicating growing optimism. Additionally, it is sustaining above a critical short-term moving average and has also broken out of a consolidation pattern. In the short term, the stock may move toward Rs 6,300. However, after a 20 per cent surge in a single session, a 'buy-on-dip' strategy would offer a favourable risk-reward ratio." Note : Make sure to follow risk management and position sizing at all times