Godfrey Phillips India Corrects His Sale To Profit

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Godfrey Phillips India fell 3.45% to Rs 1269.85 following the sale of profits after recent big gains.

Shares of Godfrey Phillips India have jumped 15.54% in the past seven sessions.

Year-to-date (YTD), the stock has risen 40.22% while the benchmark Sensex has risen 27.03% over the same period.

Technically, the stock’s RSI (Relative Strength Index) came in at 51.85. The RSI fluctuates between zero and 100. Traditionally, the RSI is considered overbought when it is above 70 and oversold when it is below 30.

The stock was trading above its 50-day, 100-day and 200-day Simple Moving Average (SMA) placed at 1224.31, 1207.67 and 1249.50, respectively.

On a consolidated basis, Godfrey Phillips India net profit increased 1.47% to Rs 104.94 crore on a 9.20% drop in net sales to Rs 631.89 crore in the second quarter of September 2021 compared in the second quarter of September 2020.

Godfrey Phillips India makes some of the country’s most popular cigarette brands, such as Four Square, Red and White, Cavanders, Tipper, and North Pole. It also manufactures and distributes the iconic Marlboro brand under a licensing agreement with Philip Morris. She expanded her business interests into chews, mouth fresheners, confectionery, and retail.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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