Godfrey Phillips India in focus; shares advance over 14%

For the quarter ended June 2020, Godfrey Phillips India's consolidated net profit dropped 53.56 per cent to Rs 55.10 crore.

Godfrey Phillips shares rallied as much as 14.3 per cent to Rs 1,090 on the BSE on Thursday as compared to around 0.5 per cent rise in the benchmark S&P BSE Sensex. 

At 01:41 PM, the stock was trading nearly 8.5 per cent higher at Rs 1,033.55. The stock of the company had hit a 52-week high of Rs 1,480.40 on January 21, 2020. 

For the quarter under review, Godfrey Phillips India's consolidated net profit dropped 53.56 per cent to Rs 55.10 crore on 45.07 per cent fall in total income to Rs 453.07 crore in Q1 June 2020 over