 "Godfrey Phillips hits record high; surges 20%")
Shares of Godfrey Phillips India were locked in upper circuit of 20% at Rs 851, also its record high on the National Stock Exchange (NSE), on back of heavy volumes.
Till 02:55 pm, a combined 449,860 shares already changed hands against an average sub 100,000 shares that were traded daily in past two weeks on the NSE and BSE. There were pending buy orders for 49,022 shares on both the exchanges so far.
Godfrey Phillips India on October 1, 2015 said the promoter of the company, Good Investment (India) purchased 127,000 equity shares of the company on September 10 through market purchase.
Post acquisition, Indian promoters holding in the company increased to 46.96% against 46.72%, it added.
Increase in stake by promoters in a company helps bolster investor confidence. Since September 10, the stock has outperformed the market by appreciating 53% from Rs 557 compared to 6.2% rise in the CNX Nifty.
Till 02:55 pm, a combined 449,860 shares already changed hands against an average sub 100,000 shares that were traded daily in past two weeks on the NSE and BSE. There were pending buy orders for 49,022 shares on both the exchanges so far.
Godfrey Phillips India on October 1, 2015 said the promoter of the company, Good Investment (India) purchased 127,000 equity shares of the company on September 10 through market purchase.
Post acquisition, Indian promoters holding in the company increased to 46.96% against 46.72%, it added.
Increase in stake by promoters in a company helps bolster investor confidence. Since September 10, the stock has outperformed the market by appreciating 53% from Rs 557 compared to 6.2% rise in the CNX Nifty.
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