The stock erased all its gains and slipped into the negative zone . The stock ended flat at its day's low at Rs 915. The counter witnessed trades of 2,148 shares as compared to the two-week daily average traded volumes of 1,142 shares.
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(Updated at 1106hrs)
Gillette India has advanced 3% on the back of good Q4 results.
The stock opened at 920 and advanced to a high of Rs 952. The stock is now trading at Rs 940, up around 3% from the previous close. Around 1,230 shares have been traded so far on the BSE as compared to the two-week daily average trded volumes of 1,142 shares.
The company has registered a 27% surge in its net profit for the fourth quarter ended June 30,2009 to Rs 38 crore as compared to Rs 30 crore in the previous quarter, a year ago.
The net sales of the company has also risen 11% to Rs 184 crore as against Rs 166 crore in the previous quarter, a year ago.