Godfrey Phillips India bonus issue: Board to consider bonus share issue on Sept 20; stock hit 12% upper circuit | Stock Market News

Godfrey Phillips India is set to deliberate on issuing bonus shares at its board meeting scheduled for September 20. The potential bonus share issue is expected to impact the stock's market performance, as evidenced by a 12% increase in the stock's price due to speculation and investor anticipation. Bonus shares are often issued to reward shareholders and make the stock more accessible. This decision reflects the company's strategy to enhance shareholder value and manage its equity structure.