Godfrey Phillips India Soars 8% on Ex-Bonus Date - Traders Chase the Sugar Rush

Bonus shares trigger feeding frenzy as Godfrey Phillips India rockets 8% in single session.

Traders pounce on ex-bonus date momentum, pushing tobacco giant to fresh highs while traditional investors scratch their heads about fundamental value.

The market's addiction to short-term catalysts proves stronger than any nicotine fix—because nothing gets hearts racing like free shares and speculative fervor.

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The company’s board had approved the bonus share issue in August, with September 16 set as the record date for shareholder eligibility. Under the 2:1 ratio, existing shareholders will receive two additional shares for every share held, subject to approval at the Annual General Meeting scheduled for September 4, 2025.

Trading activity has been robust with 13.81 lakh shares worth ₹504.05 crore changing hands. The order book shows strong buying interest with 2.83 lakh shares in buy quantity against 78,692 shares in sell quantity.

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Bonus issues typically boost investor confidence as they signal strong financials and growth potential. While the total number of shares increases, the market capitalization remains unchanged at approximately ₹57,385 crore. The bonus shares, issued from company reserves, make the stock more affordable and liquid for retail investors. Investors who purchased shares today will not be eligible for the bonus allocation.

Published on September 16, 2025