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The Economic Times
The Economic Times
Debaroti Adhikary

Rub-off effect? Godfrey Phillips shares jump 6% after rival cigarette maker ITC's Q1 earnings

ITC Godfrey Phillips Nomura

Shares of Godfrey Phillips surged more than 6% on Monday after rival ITC's June-quarter earnings prompted brokerages to turn more optimistic on the cigarette sector following the tax-related disruption earlier this year.

Godfrey Phillips rose over 6% to Rs 2,269.90 on the NSE, putting the stock on track for its biggest single-day gain since April 29. ITC shares also climbed more than 4% to Rs 293.

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