Godfrey Phillips India Limited shares rose 8.12 percent in morning trading on Monday, gaining ₹277 to reach a price of ₹3,687 after the stock turned ex-bonus. Following the bonus share adjustment, the cigarette manufacturer’s trading volumes experienced a significant increase.
The stock’s 66 percent drop from the previous close of ₹10,229 reflects the automatic price adjustment due to the 2:1 bonus issue. Currently, shares are trading well above the adjusted base price of ₹3,410, with an intraday high of ₹3,720 reached during the trading session.
The company’s board approved the bonus share issue in August, designating September 16 as the record date for determining shareholder eligibility. Under the proposed 2:1 ratio, existing shareholders will receive two additional shares for every one share held, pending approval at the Annual General Meeting scheduled for September 4, 2025.
Trading activity has been robust, with 13.81 lakh shares valued at ₹504.05 crore changing hands. The order book indicates strong buying interest, featuring 2.83 lakh shares in buy orders compared to 78,692 shares in sell orders.
Bonus issues are typically viewed as a positive signal of a company’s strong financial standing and growth potential. While the total share count increases, the market capitalization remains unchanged at approximately ₹57,385 crore. The bonus shares, which will be issued from company reserves, aim to enhance the stock’s affordability and liquidity for retail investors. It is important to note that investors purchasing shares today will not qualify for the bonus allocation.
Published on September 16, 2025.
