Hindustan Unilever leads gainers in 'A' group

United Spirits, Shriram Transport Finance Company, Colgate Palmolive (India) and Nestle India are among the other gainers.

Shares of FMCG companies controlled by foreign promoters dominated the gainers in the BSE's 'A' group today, 30 April 2013, as Anglo-Dutch FMCG major Unilever Plc's plan to raise stake in Hindustan Unilever (HUL) boosted sentiment in the FMCG sector.

FMCG major HUL surged 17.28% to Rs 583.60. The stock topped the gainers in the BSE's 'A' group. The stock hit record high of Rs 597 in intraday trade today, 30 April 2013. The company's foreign parent Unilever Plc today, 30 April 2013, announced open offer to acquire additional 48.70 crore shares, or 22.52% stake in HUL at Rs 600 per share.

As on 31 March 2013, foreign promoters held 52.48% stake in HUL. After the open offer, holding of foreign promoters will rise to 75% in HUL.

HUL stock had vaulted 6.98% to Rs 497.60 on Monday on good Q4 results. HUL's net profit before exceptional items rose 18% to Rs 781 crore on 12.13% growth in total income from operations to Rs 6465.81 crore in Q4 March 2013 over Q4 March 2012. The company announced the Q4 results during market hours on Monday, 29 April 2013.

Liquor maker United Spirits spurted 6.48% to Rs 2,212.35. The stock was second biggest gainer in 'A' group. The stock hit record high of Rs 2,228.80 in intraday trade today, 30 April 2013.

Shriram Transport Finance Company jumped 5.90% to Rs 746.10. The stock was third biggest gainer in 'A' group. The company will announce year ended March 2013 (FY13) results on 7 May 2013.

Oral and dental hygiene products maker Colgate-Palmolive (India) climbed 5.73% to Rs 1,469.65. The stock was fourth biggest gainer in 'A' group. The company will announce year ended March 2013 (FY13) results on 28 May 2013.

As on 31 March 2013, foreign promoters held 51% in Colgate-Palmolive (India).

FMCG major Nestle India rose 5.52% to Rs 4,980.85. The stock was fifth biggest gainer in 'A' group. The stock hit record high of Rs 5,050 in intraday trade today, 30 April 2013. The company will announce Q1 March 2013 results on 13 May 2013.

As on 31 March 2013, foreign promoters held 62.76% in Nestle India.

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