Stock Crash: GCPL shares tank 10% after CEO quits, HSBC downgrades

Godrej Consumer shares are expected to remain under pressure after the surprise resignation of MD and CEO Sudhir Sitapati. HSBC said the abrupt leadership change, despite Sitapati’s term having been extended until 2031, raises execution concerns, while Citi expects the stock to react negatively in the near term.

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