Godfrey Phillips India drops on profit booking after recent steep rally

Godfrey Phillips India slumped 5.19% to Rs 1,202.95 at 12:15 IST on BSE, on profit booking after surging 35.44% in preceding four trading days.

Meanwhile, the BSE Sensex was down 17.43 points, or 0.07%, to 25,847.04

On BSE, so far 48,318 shares were traded in the counter, compared with an average volume of 20,462 shares in the past one quarter.

The stock hit a high of Rs 1,280 and a low of Rs 1,190 so far during the day. The stock hit a record high of Rs 1,350 yesterday, 17 November 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 17 November 2015, rising 49.46% compared with Sensex's 4.96% fall. The scrip also outperformed the market in past one quarter, surging 112.05% as against Sensex's 7.22% decline.

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 35.44% in four trading days to settle at Rs 1,268.80 yesterday, 17 November 2015 from a recent low of Rs 936.75 on 10 November 2015.

Godfrey Phillips India reported 53% rise in net profit to Rs 49.72 crore on 2.3% rise in net sales to Rs 566.41 crore in Q2 September 2015 over Q2 September 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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