HUL gains after completing acquisition of hair oil brand Indulekha

Hindustan Unilever rose 0.4% to Rs 864 at 09:21 IST on BSE, after the company announced that it has completed the acquisition of Masons Group flagship hair oil brand Indulekha.

The announcement was made after market hours yesterday, 7 April 2016. It may be recalled that in December 2015, Hindustan Unilever (HUL) had announced signing an agreement with Masons Group for acquisition of its flagship Indulekha brand.

Meanwhile, the S&P BSE Sensex was up 2.16 points or 0.01% at 24,687.58

On BSE, so far 3,661 shares were traded on the counter as against average daily volume of 1.27 lakh shares in the past one quarter. The stock hit a high of Rs 864.60 and a low of Rs 859 so far during the day. The stock had hit a 52-week high of Rs 950.40 on 13 April 2015. The stock had hit a 52-week low of Rs 765.35 on 27 January 2016.

The large-cap company has equity capital of Rs 216.39 crore. Face value per share is Re 1.

HUL's net profit declined 22.4% to Rs 971.40 crore on 3.2% growth in net sales to Rs 7822.86 crore in Q3 December 2015 over Q3 December 2014.

HUL is a leading fast moving consumer goods (FMCG) company.

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