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VERIFIEDET Markets·negative
Godrej Consumer Products shares tank 10% after CEO’s sudden exit. What Citi analysts are saying
AI Summary
- ·Godrej Consumer Products shares fell more than 10% following the unexpected resignation of MD & CEO Sudhir Sitapati.
- ·Aasif Malbari has been appointed as the new CEO.
- ·Citi analysts maintained a Buy rating with a target price of Rs 1,350, citing an intact strategy and unchanged FY27 guidance.