The shares of Godfrey Phillips, a company associated with the cigarette and tobacco products industry, have seen a rocketing rise. The shares of Godfrey Phillips rose more than 11 percent on Friday to reach Rs 7429.90. The shares of Godfrey Phillips are rising for the second consecutive day. The company’s shares have reached their all-time high. The company is preparing to gift bonus shares to its shareholders. The shares of Godfrey Phillips have risen by more than 250 percent in the last 2 years.
The company can distribute bonus shares in the ratio of 2:1
Godfrey Phillips is preparing to distribute bonus shares to its investors in the ratio of 2:1. That is, the company can give 2 bonus shares for every 1 share. The board meeting of Godfrey Phillips is on 20 September 2024. In this meeting, the board of the company will consider issuing bonus shares. The company has not yet announced the record date of bonus shares. Godfrey Phillips had divided its shares in May 2014. The company had divided shares with a face value of Rs 10 into shares with a face value of Rs 2.
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The company’s shares jumped more than 550% in 2 years
The shares of Godfrey Phillips have climbed more than 550 percent in the last 2 years. The company’s shares were at Rs 1100.80 on 16 September 2022. The shares of the Cigarette and Tobacco Products Company have reached Rs 7429.90 on 13 September 2024. In the last one year, the shares of Godfrey Phillips have seen a rise of more than 255 percent. The company’s shares were at Rs 2072.50 on 13 September 2023. The company’s shares have crossed Rs 7400 on 13 September 2024. In the last 6 months, the shares of Godfrey Phillips have jumped more than 150 percent. In the last one month, the company’s shares have climbed about 70 percent.
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