Godfrey Phillips shares jump 8% as 2:1 bonus issue takes effect

Shares of Godfrey Phillips India jumped 8% to Rs 3,694 on Tuesday after the stock went ex-bonus following a 2:1 bonus issue. The adjustment tripled the share count, reducing the price proportionally, though shareholder value remains unchanged. The adjusted previous close on the BSE was Rs 3,405.60, compared with the pre-bonus price of Rs 10,227.10.