Godfrey Phillips at new lifetime high, again

Godfrey Phillips India has been hitting life-time highs almost every day for the past 15 days or so. Today, it soared to a new high at Rs.1407.85; a rise of over 40% within the month of November itself.

The stock price has been up in the green ever since the promoter of the company, Good Investment (India) stated on 10th Sept 2015 that it had acquired 1.27 lakh shares of the company from the open market. This has helped increase the promoters stake from 46.72% to 46.96%.

This apart, the market was also enthused with the company’s Q2FY16 performance. It posted a very strong 53% (YoY) jump in net profit at Rs.50 crore, mainly on the back of operational efficiency. Its net sales stood at Rs 566 crore, up 2%. EBITDA almost doubled up from Rs.32 crore to Rs.62 crore.