Why bonus Is Trending Today?

Godfrey Phillips India has been a standout performer in the stock market, surging 16% over two days to reach a fresh 52-week high. This significant increase comes on the heels of a 10% rise the previous day, marking a 25% overall gain in just two days. The company's stock has been one of the top gainers in the market, with Britannia being another notable performer among the five stocks in the limelight today.

Godfrey Phillips, a prominent cigarette manufacturer, reported robust financial growth in the first quarter, with a 56% year-over-year increase in net profit to Rs 356 crore. The company's strong performance has led to a significant surge in its stock price, with shares jumping over 9% and reaching a 52-week high following the announcement of the quarterly results and a 2-for-1 bonus issue. Meanwhile, in unrelated news, gospel singer Tim Godfrey celebrated his 17-year-old son's birthday by gifting him a car, a surprise that left the teenager overwhelmed.