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As of 30-Jun-2022, promoters held 60.51 per cent stake in the company, while FIIs held 11.03 per cent and domestic institutional investors had 1.01 per cent.

The Nifty IT index closed 1.35 per cent up at 29416.95.

“We have always been about building hyper local commerce and whatever we had done at that point was to actually enable the hyper local commerce business that we were trying to build and right now we are done. We have all the pieces in place, there is nothing new coming.”

A total of 15,381 shares changed hands on the counter till 10:10AM (IST)

“Market now looks willing to take the bad news in its stride and usually that will be a good sign for trend reversal. In the last seven, eight months, we have seen that the market was not only ignoring good news, but bad news was being thrashed like anything. This is giving us the first sign that probably things are going to be turning better from here.”

Godfrey Phillips India Ltd., incorporated in the year 1936, is a Mid Cap company (having a market cap of Rs 6035.19 Crore) operating in Tobacco sector.

Markets digested US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan on August 2, 2022, which caused many investors to stay away from risky assets amid potential US-China tensions.

"The dollar weakened last week after the (policy setting) Federal Open Market Committee meeting because the market wanted to believe that the Fed was pivoting in a dovish manner because of slowing growth," said Sim Moh Siong, currency strategist at Bank of Singapore.

Stocks that were in focus include names like New India Assurance closed with gains of over 6 per cent, Ashok Leyland which closed flat with a negative bias, and Vodafone Idea which was down by over 3 per cent.

Shares of Saven Technologies (Re 1 per share), Symphony (Rs 2 per share) and Rites (Rs 4 per share) had announced their interim dividends while shares of Pudumjee Paper Products (Re 0.2 per share) and Bata India (Rs 50.5 per share) had announced their special dividends.