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Godfrey Phillips India Shares Surge on Strong Results and Bonus Share Announcement

Godfrey Phillips India Shares Surge on Strong Results and Bonus Share Announcement

Godfrey Phillips India Ltd. shares witnessed a significant surge on Tuesday, August 5th. The company's stock on the BSE reached a record high of ₹9,891, marking a 10 percent increase. This surge is attributed to the company's b quarterly results and the announcement of a 2:1 bonus share issue.

June Quarter Profit Up by 56 Percent

Godfrey Phillips, while releasing the results for the April-June quarter, stated that the company's net profit increased by 56 percent year-on-year to ₹356.28 crore. In the same quarter a year ago, the company's profit was ₹228.55 crore. The growth in sales was accompanied by an improvement in operating performance. During this period, the company's total income stood at ₹1,813.26 crore, compared to ₹1,358.81 crore in the corresponding period last year.

Bonus Shares to be Issued in 2:1 Ratio

The company's Board of Directors has approved the issuance of bonus shares. Under this, two fully paid-up equity shares will be issued for every one equity share held. This means that if an investor holds one share, they will receive two bonus shares. The bonus shares will have a face value of ₹2. However, this proposal is still subject to shareholder and regulatory approvals.

Record Date Fixed for Bonus Shares

The company has also announced the record date to be eligible for the bonus share. According to Godfrey Phillips, the record date is fixed as September 16, 2025. Only those investors who hold the company's shares by this date will be eligible to receive the bonus shares.

Technical Chart Also Showing Strength

According to stock market experts, the company's share is showing signs of strength on the chart. According to Ravi Singh, Senior Vice President (Retail Research) at Religare Broking, Godfrey Phillips' share recently crossed the b resistance level of ₹9,620. It has seen a gap-up opening and heavy trading volume. He believes that this stock can now move towards the target of ₹12,000.

Support and Resistance Levels of the Share

Ravi Singh says that the share is getting support between ₹9,700-₹9,600, while there is b support at ₹9,000-₹8,700 on the downside. At the same time, its resistance level is ₹10,000 on the upside. If it crosses this level, it can move towards higher levels.

Bullish Pattern Formed on Short Term Chart

Ajit Mishra, Senior Vice President (Technical Research) at Religare Broking, said that Godfrey Phillips' chart is showing a b short-term bullish structure. The share was moving in a range for a long time and has now broken that range and moved rapidly upwards. Also, there has been a b increase in trading volume, which indicates the strength of the buying.

Trading Above Moving Averages

According to Ajit Mishra, the share is trading above all major moving averages like its 20-DMA, 50-DMA and 200-DMA. All these averages are sloping upwards, which indicates that the stock is now in an established uptrend.

Technical analysis also suggests that given the current positive momentum, Godfrey Phillips' share may reach the level of ₹11,000 in the future. Currently, the share has closed at ₹9,840. According to experts, any fall in the range of ₹9,300-₹9,500 could be a low-risk opportunity for short-term investors.

Shareholders' Interest Increased

After the announcement of bonus shares and a sharp increase in quarterly profit, investors are now watching what strategy the company will adopt going forward. The company has not announced a dividend at present, but the announcement of bonus shares has increased investors' interest.

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