It was trading with volumes of 106,592 shares, compared to its five day average of 39,294 shares, an increase of 171.27 percent.
Indian and foreign analysts were expecting a substantial increase in excise duty on cigarette
The Enforcement Directorate has been looking into both the companies and the scope of the investigation is much broader than the alleged foreign investment law violations highlighted in a Reuters story published on Wednesday, the source said.
Gopal Krishna Infrastructure & Real Estate is a fully owned subsidiary of Unique Space Developers, a step-down subsidiary of Godfrey Phillips India.
A sustained move above the 200-SMA i.e. 10,753 will extend the uptrend taking the Index to levels of 10,850-10,980. However, failure to cross this resistance on the way up can trigger profit booking.
The company had reported a net profit of Rs 38.44 crore in the October-December quarter a year ago.
CNBC-TV18’s Sapna Das caught up with KK Modi of Godfrey Phillips India who expects a 3-4 percent decline in cigarette volumes by the end of this year.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Godfrey Phillips India with a target of Rs 1400.
Mitessh Thakkar of miteshthacker.com recommends buying Aditya Birla Nuvo and Godrej Consumer and advises selling Zee Entertainment, Bata India and Glenmark Pharma.
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV Network, Godfrey Phillips India and City Union Bank..
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank and UPL and advises selling Bharti Airtel.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Sun TV, Glenmark Pharma, Granules India, HSIL, Godfrey Phillips and KEI Industries.
BSE | Tata Motors | Surya Roshni | Ujjivan Financial | Tata Power | Excel Crop | Cosmo Films | Subros | Glenmark Pharma | Godfrey Phillips | Aegis Logistics and AstraZeneca are stocks, which are in the news today.
Cigarette maker Godfrey Phillips India today reported an over three-fold jump in its standalone net profit at Rs 38.44 crore for the third quarter ended December 31, 2016.
Avinash Gorakshakar, Market Expert is of the view that one may prefer banking stocks.
Prakash Gaba of prakashgaba.com is of the view that one may hold Godfrey Phillips.
Markets have been on a weak footing lately but SP Tulsian of sptulsian.com raises hope that despite the headwinds indices might recover. "I am not saying that things are not looking bad but I think the market seems to have bottomed out," he tells CNBC-TV18 in an interview.
Cigarette maker Godfrey Phillips India today reported a 62.68 per cent decline in standalone net profit at Rs 19.70 crore for the second quarter ended September, due to lower income from operations.
Tata Motors | Biocon | Berger Paints | GSK Pharma | GVK Power | GMR Infrastructure | Parsvnath Developers | Mphasis | Star Ferro | ESAB India | EIH | Coastal Corporation | FACT | Monsanto | TD Power | Chemfab Alkalies and Tube Investments are stocks, which are in the news today.
In a panel discussion on CNBC-TV18, representatives from India Inc listed their views and concerns on the likely impact the new tax regime brings on their business and industry.
Sameet Chavan of Angel Broking recommends buying Just Dial with a target of Rs 492 and sell Glenmark Pharma with a target of Rs 860.
The company had reported a standalone net profit of Rs 58.88 crore in the same quarter a year ago.