COMPANY PROFILE:
Godfrey Phillips India Limited, the flagship company of K.K. Modi Group, is one of the largest players in the Indian cigarette industry an annual turnover of approximately Rs. 4,348 crores (2015-16). The company has expanded its business interests to tea, pan masala, chewing and confectionery products. Godfrey Phillips India has operations across the country with the northern and western parts being the areas of strength. Our extensive distribution infrastructure allows us to reach consumers across India. The company launched Pan Vilas pan masala, which has already shown great potential. Our recent product launches include Raag, a pan masala in the popular price segment, and Silver Dewz – a silver-coated Elaichi (cardamom seed) mouth freshener. Together, the two brands are poised to significantly grow our presence in the pan masala category. In cigar distribution Godfrey Phillips India is a pioneer and the market leader. We were the ones who organised the fragmented cigar market in India.
Godfrey Phillips India Limited, the flagship company of K.K. Modi Group, is one of the largest players in the Indian cigarette industry an annual turnover of approximately Rs. 4,348 crores (2015-16). The company has expanded its business interests to tea, pan masala, chewing and confectionery products. Godfrey Phillips India has operations across the country with the northern and western parts being the areas of strength. Our extensive distribution infrastructure allows us to reach consumers across India. The company launched Pan Vilas pan masala, which has already shown great potential. Our recent product launches include Raag, a pan masala in the popular price segment, and Silver Dewz – a silver-coated Elaichi (cardamom seed) mouth freshener. Together, the two brands are poised to significantly grow our presence in the pan masala category. In cigar distribution Godfrey Phillips India is a pioneer and the market leader. We were the ones who organised the fragmented cigar market in India.
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TECHNICAL VIEW
On weekly chart stock recover from the support of 1129 level and prepared a doji pattern. Major trend of this stock is bullish on monthly as well as weekly chart. If we draw Fibonacci Retracement from its life-time high of 1662 made in November 2015 to the previous significant low of 800 made in May 2016, the stock recovered around 78.6% from the strong psychological support of 800 and then fell back to the strong support of 38.2% of this retracement. Now we expect that this stock maintain uptrend if it may cross 1300 then it may continue its primary bullish trend on monthly chart and we may see fresh life time highs in next 6 to 8 weeks.
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