Why did the godfrey phillips share price jump 31% in three sessions?

Cigarette makers rolled out steep price hikes after India’s tobacco tax changes, cutting the modeled EBIT impact to about 2% from earlier 8–15% fears. That improved earnings visibility and triggered rerating. Strong volumes and sector-wide optimism amplified the move, lifting the stock sharply over a short span.

Is the stock expensive after the rally?

At ₹2,523.70, the trailing P/E is 30.33 and P/B is 6.76, both above long-term consumer averages, reflecting pricing power and strong margins. This premium can persist if volumes hold and margins stay resilient. Any signs of downtrading or weak volumes could compress multiples from current levels.

What risks could reverse recent gains?

Key risks include weaker volumes from higher prices, downtrading to cheaper sticks, a rise in illicit trade, and further tax changes. Competitive responses could also limit pricing power. Overbought technicals suggest higher pullback risk in the short term, even if fundamentals remain supported by recent price actions.

What levels should traders watch near term?

Watch ₹2,635 as a recent intraday high for momentum confirmation and the ₹2,476–₹2,500 zone as immediate support. ATR at 114.66 implies wider swings. If momentum cools, look for mean reversion toward moving averages. Sustained closes above resistance would support continuation of the recent strength.

Global Market Insights

GODFRYPHLP.NS Stock Today: February 20 – 31% Rally on Price Hikes

ByHuzaifa Zahoor February 20, 2026February 20, 2026

The godfrey phillips share price is in focus after a sharp 31% jump across three sessions as cigarette makers raised prices to offset India’s revised tobacco taxes. Investors see pricing power limiting margin damage to about 2% versus earlier fears of 8–15%. As of 19 Feb close, the stock symbol GODFRYPHLP.NS traded near ₹2,523.70. We break down what changed, key levels, risks to watch, and how we would approach the move in the Indian context today.