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Godfrey Phillips India Stock Plunges 5% After 25% Three-Day Rally; Cigarette Price Hikes Noted
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Godfrey Phillips India Stock Plunges 5% After 25% Rally; ITC Price Hikes Noted
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CNBC Awaaz
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20-02-2026, 11:16
Godfrey Phillips India Stock Plunges 5% After 25% Rally; ITC Price Hikes Noted
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Godfrey Phillips India shares fell by 5% on Friday, ending a three-day rally that saw a 25.3% surge.
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The stock was the biggest midcap loser, hitting an intraday low of ₹2,400.
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Cigarette manufacturers, including Godfrey Phillips India, have increased prices to offset higher excise duty, improving EBIT per stick.
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Godfrey Phillips India raised 'Marlboro Compact' price from ₹9.5 to ₹11.5 per stick.
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HSBC maintained a 'Hold' rating on ITC with a target price of ₹360, noting ITC's 20-30% price hikes in some portfolios.
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