Godrej Consumer Products shares tank 10% after CEO exit; HSBC downgrades to Hold
- Posted on August 12, 2026
- By Business News Today
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- 1 min read
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Godrej Consumer Products shares tank 10% after CEO exit; HSBC downgrades to Hold
Godrej Consumer Products Ltd. shares tanked over 10% after MD & CEO Sudhir Sitapati resigned unexpectedly. Aasif Malbari takes over as the new CEO. Despite potential near-term sentiment overhang, brokerage firm Citi maintained its Buy rating with a target price of Rs 1,350, citing intact strategy and unchanged FY27 guidance.
