India, Feb. 23 -- One of India's leading FMCG companies has grabbed market attention today after its shares dropped sharply by 12 percent, raising concerns among investors and analysts about the factors driving this sudden decline in a stock that has traditionally shown steady performance.

With the market capitalization of Rs. 34,376.82 crore, the shares of Godfrey Phillips India Limited were trading at Rs. 2,203.90, down by 11.41 percent from its previous day's close price of Rs. 2,487.80 per equity share. The stock has touched an intraday low of Rs. 2,180, implying a decrease of 12.37 percent from previous day's close price. Below are the reasons why Godfrey Phillips India shares fell 10 percent today:

1. Profit Booking After Strong R...