Godfrey Phillips shares surge 16% in 2 days, hit 52-week high. Here's why



Stock jumps 16.4% in 2 days, hits 52-week high of Rs 10,464.1 after strong Q1 results and bonus share announcement.
Q1 profit up 56% YoY to Rs 356.28 crore; revenue rose to Rs 1,813.26 crore from Rs 1,358.81 crore last year.
Bonus issue in 2:1 ratio approved, subject to shareholder and regulatory nod.
Stock up 107% YTD; analysts maintain ‘Buy’ with average target price of Rs 1,787.

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