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Shares of Godrej Consumer Products (GCPL) soared 15 per cent to Rs 823.30 on the BSE in intra-day trade on Wednesday after the fast moving consumer goods (FMCG) major announced that Sudhir Sitapati will take over as its managing director (MD) and CEO in October 2021. Sudhir Sitapati who spent over two decades at FMCG Hindustan Unilever is stepping down from the role of executive director of the company’s foods and refreshment (F&R) business. GCPL s stock hit a 52-week high, surpassing its previous high of Rs 808, touched on January 21, 2021. It had touched a record high of Rs 979 in September 2018. GCPL is a part of derivative markets future & option segment, and thus the concept of a daily circuit limit does not apply to it.

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