Godrej Consumer Products shares plunge 10 pc to 52-week low after CEO Sudhir Sitapati resigns

Godrej Consumer Products Limited (GCPL) shares plunged 10 per cent to hit a 52-week low and the lower circuit on Wednesday in the morning session trade after the company announced the immediate resignation of Sudhir Sitapati as Managing Director and Chief Executive Officer (MD & CEO). The FMCG company’s stock fell as much as 10 per cent to Rs 916.20, touching a 52-week low and lower circuit. From the 52-week high of Rs 1,308.40, the...