Originally posted by Ajith  Great results from ITC indicated revival for cigarette industry and Godfrey has come out with stunning results even allowing for spurt in other income.2009-10 PE at current price of 1771 maybe around 10-12 which is absurdly low for an Altria/Phillip Morris/Modi company.I think Modi factor is offset by Altria/Phillip Morris.

Edited by barla - 24/May/2010 at 6:33pm

What roll does Philip Morris play in management of Godfrey.

  VST announced a better set of numbers recently - EPS of 61.53 (last year 40.18) and a dividend of 450% (300%). The stock made new highs - any views and on comparision with Godfrey Philips - do we have scope for further upsides? Incidentally a pack of Marlboro retails at 10$ in New York and the comparable price in India is Rs 100/. Surely we need to look at the whole sector which is basically a monopoly of 4 companies.

Its really gone up recently from 2000 to 3200 on higher growth expectations.I sold some 2600-3000.Holding the rest.