Gillette India hits 52-week high after good Q3 results

Gillette India rose 3.1% to Rs 4,958.20 at 12:21 IST on BSE, with the stock extending yesterday's rally triggered by the company reporting good Q3 March 2017 results.

Meanwhile, the S&P BSE Sensex was up 18.22 points, or 0.06% at 29,944.37.

On the BSE, 4,390 shares were traded on the counter so far as against the average daily volumes of 8,467 shares in the past one quarter. The stock had hit a high of Rs 5,008.60 so far during the day, which is also its 52-week high. The stock had hit a low of Rs 4,802.70 so far during the day.

The stock had hit a 52-week low of Rs 4,025 on 28 February 2017. The stock had outperformed the market over the past one month till 8 May 2017, advancing 15.87% compared with the Sensex's 0.74% rise. The scrip had also outperformed the market over the past one quarter advancing 15.13% as against the Sensex's 5.78% rise.

The large-cap company has equity capital of Rs 32.59 crore. Face value per share is Rs 10.

Shares of Gillette India have rallied 12.47% in two trading sessions from its close of Rs 4,408.55 on 5 May 2017, after the company on Saturday, 6 May 2017 reported good Q3 March 2017 results. The stock had surged 9.09% to settle at Rs 4,809.20 yesterday, 8 May 2017.

Gillette India's net profit rose 30.5% to Rs 105.82 crore on 15.9% increase in net sales to Rs 524.89 crore in Q3 March 2017 over Q3 March 2016.

Gillette India is engaged in the manufacturing and sale of branded packaged fast moving consumer goods in the grooming and oral care businesses.

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