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These 6 stocks settled above VWAP on July 15

Technical Breakout Stocks: How to trade Godfrey Phillips, Zensar Technologies and Aurobindo Pharma on Tuesday

Police affirm assault on Samir Modi by mom's PSO, but find no conspiracy

Delhi police’s status report affirmed Samir Modi, GPI’s executive director, was assaulted by Bina Modi’s PSO, with no evidence of criminal intimidation or conspiracy by Bina Modi or Lalit Bhasin. PSO Surendra Prasad denied receiving written orders. Bina Modi is a director and Bhasin an independent director at GPI. GPI's board did not respond.

Charu Modi joins board of Godfrey Phillips amidst shareholder fight

Charu Modi has been appointed to the board of Godfrey Phillips India amid an ongoing inheritance dispute within the KK Modi group. Charu, one of the late KK Modi's three children, has been associated with the group's education ventures but will now take a more active role in the company. She aligns with her mother, Bina Modi, who is in a legal battle with her sons, Lalit and Samir Modi, over the family's inheritance and the dissolution of a family trust established in 2014.

Samir, Lalit Modi question mother's use of voting rights

Samir and Lalit Modi have raised concerns over mother Bina Modi's potential influence through shareholder voting rights at Godfrey Phillips India Ltd due to her control over KK Modi Investment and Financial Services,. This has created a conflict over her reappointment to the company's board amidst a bitter family inheritance dispute. The brothers suspect their mother of misusing her voting rights, leading to legal actions and a looming decision at the upcoming annual general meeting.

Fertiliser stocks jump up to 9% amid hopes of exemption in upcoming GST Council meeting

Fertiliser stocks surged by up to 9% on Wednesday following reports of anticipated relief for the sector through Goods and Services Tax (GST) rate rationalization, expected to be discussed at the GST Council meeting scheduled for June 22, Saturday.

Godfrey Phillips executive director Samir Modi alleges threat from mother, seeks police protection

Samir Modi seeks protection from Delhi Police amid estate distribution feud with mother, alleging threats from Bina Modi and Lalit Bhasin. He heads businesses like Colorbar Cosmetics and Modicare. Legal battle in the Supreme Court over trust deed.

Feud in Godfrey Phillips: Samir Modi accuses mother Bina of staging assault on him

A Godfrey Phillips spokesperson rejected the accusation. "These allegations are entirely false and atrocious," the person said. "The alleged episode occurred outside the board room when the audit committee meeting was in progress at about 12 noon. This has been captured on in-house CCTV cameras, which can be provided to the relevant investigating authorities."

Godfrey Phillips declares dividend of Rs 56 per share, posts 46% jump in net profit

The company declared a whooping 2,800% dividend. The net profit for the fourth quarter was reported at Rs 215.12 crore. Its revenue from operations increased to Rs 1,197 crore for Q4FY24 against Rs 974 crore reported in the corresponding quarter last year.

Technical Breakout Stocks: How to trade Godfrey Phillips, M&M and Dixon Technologies

India markets closed in the green for three consecutive days. Realty, auto, metal and consumer durable stocks saw considerable buying action. Godfrey Phillips and Dixon Technologies hit fresh record highs.

Terms of inheritance cast in stone in family trust deed: Samir Modi on father KK Modi's legacy

Samir Modi asserts that the terms of his father's ₹11,000-crore legacy, governed by a family trust deed, are non-negotiable. He aims to preserve the family's flagship company, Godfrey Phillips, within the family, proposing a buyout option to resolve the dispute. Despite legal battles with his mother over inheritance distribution, Samir Modi remains committed to advancing the family business, envisioning global expansion for Colorbar Cosmetics and other ventures.

Family feud over Rs 11,000 crore Godfrey Phillips inheritance: Samir Modi challenges mother Bina Modi in SC

Samir Modi, son of late KK Modi, has taken legal action against his mother, Bina Modi, accusing her of mishandling the family's Rs 11,000 crore inheritance. The dispute involves the distribution of the Godfrey Phillips stake and other Modi group shares. Samir, previously aligned with his mother, now supports his brother Lalit in seeking immediate implementation of the trust deed. The family had initially disagreed on dissolving the trust, leading to legal battles initiated by Lalit Modi.

Technical Breakout Stocks: How to trade Godfrey Phillips, PB Fintech and UCO Bank on Budget Day

Stocks that were in focus on Wednesday include names like Godfrey Phillips which was up nearly 10% to hit a fresh record high, PB Fintech which rose 10% to hit a fresh 52-week high and UCO Bank which closed with gains of over 6% on Wednesday

Godfrey Phillips Q3 Results: Marlboro India seller's net profit rises 7% YoY to Rs 212 cr

Tobacco maker Godfrey Phillips India reported higher third-quarter profit on Monday, driven by growth in its core market and easing expenses.

187 companies to release Q2 results on Friday. What to expect from IndiGo, Titan and Zomato

Despite a lower passenger load factor, IndiGo managed to maintain its market share in the quarter. PLF for IndiGo remained muted for the second consecutive month at 83.6%. But IndiGo being able to maintain domestic market share despite lower PLFs indicates better aircraft/pilot availability with it versus other airlines, brokerage ICICI Securities said.

Godfrey Phillips India shareholders reject proposal to sell unmanufactured tobacco to Philip Morris Products

As many as 57.94 per cent of the shareholders present at Godfrey Phillips India's annual general meeting on September 1 voted against the "material related party transaction between the company and Philip Morris Products SA".

Godfrey Philips shares zoom over 15% after strong Q1 results

Its revenue from operations was up 26.84% to Rs 1,245.39 crore during the quarter under review as against Rs 981.83 crore in the corresponding period of the previous fiscal. Meanwhile, its total expenses were at Rs 1,036.06 crore, up 25.5% YoY in the first quarter of FY 2023-24.

ITC shines but other tobacco company shares go up in smoke!

Momentum Pick: With 90% returns in 1 year, Godfrey Phillips is set to breach 52-week high

Godfrey Phillips shares have outperformed the bench marks on a consistent basis. According to data sourced from StockEdge, the returns given by this counter over the last 2, 5 and 10 years are 112%, 138% and 220% respectively with an exception of the last three months where they have been nearly negative 2%.

7 companies run by powerpuff women gave double-digit returns in last 1 year

A third-generation entrepreneur, Farah Malik Bhanji leads the 72-year old company and has driven modern retailing at Metro Brands. The company reported a strong 68% growth in turnover in FY22 and an 18% growth in the 9 months ended December 2022.

Boost to infra, agri investments and higher disposable income augurs well for FMCG

The decline in personal income tax slabs provides more disposable income in the hands of the consumers benefiting the consumer goods companies. There is no tax applicable for income up to Rs 7 lakh.

Budget 2023: ITC recovers sharply even as FM hikes NCCD on cigarettes by 16%

The government hiked the National Calamity Contingent Duty (NCCD) on cigarettes by 16%. NCCD accounts for about 10% of overall taxes on cigarettes.

Big Movers on D-St: What should investors do with Godfrey Phillips, PFC and JSPL?

The stock doubled from its lowest level of Jun’22 (Rs 304) and rose to 10-year high of Rs 607. Currently, the stock is trading tad below its prior point of polarity (Rs 620). In the past, the stock reversed after a short-term up-move and witnessed profit booking. The key technical indicators witnessed bearish divergence on short-term timeframe charts. Hence, profit booking advised at current juncture.