Business Business: The share price of Godfrey Phillips, a company active in the cigarette and tobacco industry, rose like a rocket. On Friday, Godfrey Phillips shares rose more than 11 per cent to Rs 7,429.90. Godfrey Phillips shares rose for the second consecutive day. The share price of this company reached its peak. The company is preparing to donate bonus shares to shareholders. The share price of Godfrey Phillips has risen by more than 250% in the last two years.
Godfrey Phillips is preparing to distribute bonus shares to investors at a ratio of 2:1. This means that the company can give 2 shares for each share. The board of directors of Godfrey Phillips will meet on September 20, 2024. In this meeting, the board of directors of the company will consider the issue of bonus shares. The company has not yet announced the date of registration of bonus shares. Godfrey Phillips sold its shares in May 2014. The company had split shares with a face value of Rs 10 into shares with a face value of Rs 2.
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The share price of Godfrey Phillips has increased by more than 550% in the last two years. On September 16, 2022, the share price of this company was Rs 1100.80. Shares of the Cigar & Tobacco Products Company reached Rs 7429.90 on September 13, 2024. Shares of Godfrey Phillips have gained more than 255% during the last year. On September 13, 2023, the share price of this company was Rs 2072.50. On September 13, 2024, the share price of the company crossed Rs 7,400. Shares of Godfrey Phillips have gained more than 150% in the last six months. The share price of this company has increased by 70% in the last month.
