Godrej Consumer shares hit record; Here's why

Shares of Godrej Consumer Products jumped nearly 8% on Tuesday to an all-time high even after reporting a one-time loss in the fourth quarter as the company said that this charge will be cash-positive. GCPL's stock rose as much as 7.72% during the day to Rs 1,346.70 apiece on the NSE. The stock has risen 17.57% on a year-to-date basis.

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