The Economic Times

Godfrey Phillips shares fall 5% as investors sell on rise after 26% three-day rally

Godfrey Phillips fell sharply on Friday as investors booked profits after its sharp three-day rally. The cigarette maker eased to Rs 2,400 even as peers raised prices following the excise duty hike. Despite recent gains, the stock still trails sector leaders and remains below its 200-day moving average, keeping traders cautious.