Stock of the Day – Godfrey Phillips

Godfrey Phillips is India’s second largest tobacco company and recent results have resulted in a strong upward trajectory for the stock though as the chart indicates, this is not the first time we have seen such huge gains over a single week. While ITC has since 2011 nearly doubled in price, Godfrey has moved nowhere ( a stagnation which if accompanied by good resuolts would mean that the stock is cheaper than it was in 2011.

The current move has been accompanied by volumes higher than when we last jumped up giving credence to the possibility of this rally continuing further. But with the stock already having risen by more than 25%, a ideal entry point will be when we see a correction unless this turns out to be a run away rally.



About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (
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