Q2 Prop For Hll

Stocks of Hindustan Lever (HLL) touched an intra-day high of Rs 174.55, before closing 1.28 per cent higher at Rs 170.15 on the BSE today.

Around 31.96 lakh shares of HLL changed hands today. For the second quarter ended June 30, 2003, HLL reported a 0.8 per cent rise in net profit at Rs 450.93 crore (Rs 447.34 crore), on a 3.6 per cent increase in total income at Rs 2,792.82 crore (Rs 2,696.13 crore).

The company also declared a interim dividend of 250 per cent (Rs 2.50 per share of Re 1). The results seem satisfying according to analysts, with top line growth coming from improved sales of personal care products.

 

As on June 30, 2003, the promoters