Godfrey Phillips India soars to record high after block deals in heavy trade

Godfrey Phillips India

15/07/2024 08:17

** Shares of Marlboro cigarette-maker Godfrey Phillips India
Ltd  GDFR.NS  rise as much as 18.1% to record 4,789.85 rupees
    ** Over 53,800 shares change hands in block deals at a
11.7%-17.8% premium to previous closing price of 4,057.10 rupees
- National Stock Exchange of India data
    ** Stock's previous block deal had happened in March, per
BSE data
    ** In total, more than 1.6 mln shares traded in stock's
second-busiest day in 2024 vs 30-day avg volume of 99,266 shares
    ** Stock up 2.2x this year – better than ITC  ITC.NS , which
has barely changed this year, and VST Industries'  VSTI.NS  24%
rise

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))