Godrej Consumer Shares Plunge 10% To 52-Week Low, Sudhir Sitapati’s Sudden Exit Shakes Investor Confidence
Mumbai: Godrej Consumer Products Limited (GCPL) shares fell sharply on Wednesday after the company announced the immediate resignation of Managing Director and Chief Executive Officer Sudhir Sitapati. The stock dropped 10 percent to hit its lower circuit and a fresh 52-week low of Rs 916.20 during morning trade. The sudden leadership change caused heavy selling by investors. Heavy Trading At…
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