Godfrey Phillips

Stocks to watch today, May 15: Tata Power, Eicher, SBI, JSW Energy, Godfrey

In the previous trading session, Sensex gained 182.34 points, or 0.22 per cent, to settle at 81,330.56 level. The Nifty50, meanwhile, closed 88.55 points, or 0.36 per cent higher at 24,666.90 level.

Mazagon, Paytm, IndusInd: These are top wealth creators, destroyers of FY25

After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities

Godfrey Phillips share extends gains, zooms 55% in 3 days on strong Q3 show

Godfrey Phillips share today hit a 10 per cent upper circuit limit at Rs 7,745.75 per share

Godfrey Phillips shares rally 10% as Q3 profit surges 49% YoY; details here

The rise in Godfrey Phillips share price came after the company announced strong Q3 results for financial year 2025 (Q3FY25)

Buzzing Stocks: Trading strategies for Bharti Airtel, NCC, Sonata Software

Technical chart shows that NCC and Sonata Software shares were seen testing multi-year supports; break of the same can trigger a deeper fall at these counters. Check key levels for these 5 stocks here

Samir Modi purchased 250 GPI shares in Sebi norm breach: Godfrey Phillips

This development is the latest in the ongoing family and company dispute, in which Samir and his brother Lalit are contesting their mother Bina over an inheritance

Godfrey Phillips share skyrockets 10% on roping in Siddharth Chawla as COO

The uptick in Godfrey Phillips share came after the company announced on Thursday, December 26, that it has appointed Siddharth Chawla as its chief operating office (COO), effective January 7, 2025

ITC, Varun Beverages slip 5% on buzz of 35% GST on tobacco, aerated drinks

According to reports, the Group of Ministers (GoM) on GST rate rationalisation on Monday recommended a new slab of 35 per cent for tobacco, tobacco products and aerated drinks.

Godfrey Phillips India Q2 results: Net profit up 23% at Rs 248.31 crore

Cigarette maker Godfrey Phillips India Ltd on Monday reported a 23 per cent rise in consolidated net profit to Rs 248.31 crore in the second quarter ended September 30, 2024, fuelled by higher sales. The company posted a consolidated net profit of Rs 202.06 crore in the same quarter last fiscal, Godfrey Phillips India Ltd (GPIL) said in a regulatory filing. Consolidated total revenue from operations stood at Rs 1,651.42 crore in the quarter under review compared to Rs 1,374.55 crore in the year-ago period. Total expenses in the second quarter were higher at Rs 1,415.89 crore against Rs 1,194.03 crore a year ago. Revenue from cigarettes, tobacco and related products in the second quarter stood at Rs 1,610.06 crore compared to Rs 1,258.48 crore in the corresponding period last fiscal, the company said. On the other hand, revenue from retail and related products was lower at Rs 38.79 crore over Rs 117.26 crore in the same period last fiscal, it added. The company's board had on Apri

Police ask AIIMS to verify Samir Modi's injury claims from May 30 meeting

The police have also asked the medical board to determine if the said injury was old or sustained on May 30, as well as to determine if the injury is possible from the twisting of a finger or hand

Retail business closure to focus on core cigarette biz: GPI Chairperson

Cigarette maker Godfrey Phillips India Ltd Chairperson, Bina Modi on Friday defended the company's decision to close its retail business '24Seven', the brainchild of her estranged son Samir Modi, saying it was done with a view to focus on its core business. At the annual general meeting of the company held on Friday, the special business of not filling up the vacancy 'for the time being' caused by retirement by rotation of Samir Modi was taken up along with the appointment of his sister Charu Modi as an executive director, among others for shareholders' approval. In her address to the shareholders, Bina Modi said, "this focus on our core business is in consonance with the 'Theory of Core Competency' propagated by the late global management guru Professor CK Prahalad. This strategy has also led us to the closure of our retail business 24Seven. At times we need to bite the bullet in the long-term interest of the company and shareholders." In July this year, Godfrey Phillips India (GPI

Bina Modi reappointed as Godfrey Phillips India MD; Charu Modi named ED

Bina Modi's daughter Charu Modi has been appointed as the Executive Director of the company with 87% approval

No bar on Bina Modi to vote at Godfrey Phillips AGM: Delhi High Court

The court directed Bina Modi to file an affidavit on the remuneration and benefits she received as MD of the company

Godfrey Phillips shares slip 5% on 24Seven retail business sale report

The fall in Godfrey Phillips shares price came after media reports indicated that the company has finalised the sale of its retail business 24Seven.

GPIL's Samir Modi pushes for personal votes over trustee block at AGM

Samir says that his removal as director, despite having a tenure until September 2026, will require 51 per cent of the shareholders agreeing at the AGM

Decided against Samir's reappointment due to conduct: Godfrey Phillips

The firm's NRC cites breaches of fiduciary duties due to conduct both in and outside board meetings

Godfrey Phillips faces crisis over leadership dispute and board changes

Samir Modi says he would be willing to sell Godfrey Phillips if it could end the family feud arisen since the death of KK Modi in 2019

Glass Lewis opposes reappointment of Bina Modi as Godfrey Phillips MD

US-based proxy advisory firm Glass Lewis has advised the shareholders of Godfrey Phillips to vote "against" the special resolution seeking the reappointment of Bina Modi as Managing Director at the Annual General Meeting on September 6. Glass Lewis has backed Samir Modi's presence on the board. Godfrey Phillips India has scheduled its Annual General Meeting on September 6, 2024, in which it has put five ordinary resolutions and one special resolution for approval from its shareholders. As Bina Modi's remuneration exceeds the limits of Rs 5 crore or 2.5 per cent of the net profits of the company, Godfrey Phillips requires a special resolution, which has to be passed from a super majority of 75 per cent of the total votes polled. Opposing the special resolution, Glass Lewis observed there are "no defined performance conditions for the payment of commission" to Bina Modi and her "appointment is as combined chairman and managing director". "Given our concerns, we do not believe ...

Bina Modi to recommend Samir's appointment to Godfrey Phillips Board: Court

Company's nomination and remuneration committee will decide on his appointment

Bina Modi withdraws contempt plea against sons Lalit and Samir Modi

Samir Modi, the executive director of Godfrey Phillips, had accused his mother of orchestrating an attack on him to gain leverage in the ongoing inheritance dispute