Godrej Cons tanks 10% as MD makes sudden move
Synopsis Godrej Consumer Products shares declined 10% following the sudden resignation of CEO Sudhir Sitapati, who announced his work was finished and it was time
Synopsis Godrej Consumer Products shares declined 10% following the sudden resignation of CEO Sudhir Sitapati, who announced his work was finished and it was time for new beginnings. HSBC nalysts have since downgraded the stock, highlighting potential uncertainties and execution hurdles ahead, despite the company showcasing strong Q1 performance with impressive profit and revenue growth. Aasif Malbari is set to take charge as the new CEO.
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