Godfrey Phillips Shares Drop 5% Today, Ending 3-Day 25% Surge; ITC Outlook

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Godfrey Phillips Shares Dip 5% After 3-Day Surge; ITC Faces Limited Upside

Godfrey Phillips India (Wikipedia)

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CNBC TV18•20-02-2026, 10:44

Godfrey Phillips Shares Dip 5% After 3-Day Surge; ITC Faces Limited Upside

•Godfrey Phillips Ltd. shares fell nearly 5% on Friday, snapping a three-day gaining streak.
•The stock had surged 25.3% in the previous three sessions and is today's top midcap loser.
•Godfrey Phillips India raised Marlboro Compact prices to ₹11.5 per stick from ₹9.5, following excise duty hikes.
•HSBC maintained a 'hold' rating on ITC with a target price of ₹360, noting limited downside but a lack of upside triggers.
•ITC also hiked prices by 20-30% on part of its portfolio to offset higher taxes.

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