Godfrey Phillips India saw its stock surge by 9.9% to ₹7,294.95 at 3:11 PM today, as exclusive reports revealed that French company Metavisio-Thomson has acquired a stake in convenience retailer New Shop. This follows a strategic distribution deal between the two companies. As part of the agreement, New Shop will acquire the 24Seven retail chain from Godfrey Phillips, fueling positive market sentiment.
Stock price details:
- Open: ₹6,659.95
- High: ₹7,430.95
- Low: ₹6,588.35
- Previous Close: ₹6,638.10
This development has led to a significant boost in Godfrey Phillips’ stock, reflecting investor optimism around the retail deal.
