India, May 29 -- The shares of this mid-cap company majorly engaged in manufacturing and marketing cigarettes and exporting of unmanufactured tobacco leaves and many more were in focus after the company signs long term agreement for the manufacturing of cigarettes and other products.

With the market capitalization of Rs. 36,191 Crores, the shares of Godfrey Phillips India Ltd were trading at around Rs. 2320 per share which is 41.2 percent discount from its 52-week high of Rs. 3947 per share and is trading at a P/E of 23.8 whereas industry P/E stands at 15.2

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Godfrey Phillips India Limited has signed a Contract Manufacturing Agreement with Polisetty Somasundaram Tobacco Products (India) Pvt. Ltd. to manufacture cigarette...