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Godfrey Phillips India sizzles after strong Q1 earning

Capital Market 

Shares of the manufacturer of cigarettes and chewing products Godfrey Phillips India were trading with sharp gains after the company reported strong Q1 result.

Godfrey Phillips India's consolidated net profit rose 106.49% to Rs 118.63 crore on 40.01% rise in total income to Rs 824.78 crore in Q1 June 2019 over Q1 June 2018.

Boosted by strong result announced on Saturday, 10 August 2019, the stock is currently trading 16.76% higher at Rs 828. Meanwhile, the S&P BSE Sensex is down 69.18 points or 0.18% at 37,512.73. Domestic stock markets were shut on Monday, 12 August 2019 on account of Bakri Id.

On BSE, 11000 shares were traded in Godfrey Phillips India counter so far, compared to a 2-week average of 20,000 shares. The stock hit an intraday high of Rs 839 and an intraday low of Rs 761.

Godfrey Phillips India is engaged in the manufacture of cigarettes and chewing products, and in trading of tobacco products, tea and other retail products. The company's segments are cigarette and tobacco products; tea and other retail products, and others.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 13 2019. 09:25 IST