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saurabh mittal

18th Sep · SEBI-Registered Analyst

Godfrey Phillips Post-Bonus Surge Continues

GODFRYPHLP
surged ~9% earlier this week after turning ex-bonus on September 16, with analysts advising investors to ignore the apparent 66% plunge (a technical adjustment due to the 2:1 bonus ratio). Today's trading reflects stabilization, with focus on the company's robust profit growth. The board allotted 10,39,87,840 bonus equity shares on September 17, increasing paid-up capital to ₹31.20 crore by capitalizing reserves.

#EquityResearch
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