HUL shares surge on sales volume results

Source : REUTERS
Last Updated: Mon, Oct 28, 2013 05:04 hrs
Hindustan Unilever

Mumbai: Shares in Hindustan Unilever Ltd rose as much as 4.2 percent on Monday after the company's sales volumes in the July-September quarter grew 5 percent, in line with market estimates of 4-5 percent growth.

Traders had worried Hindustan Unilever would miss its sales volume estimate.

The company said on Saturday its net profit in the September quarter rose an annual 13.2 percent to 9.14 billion rupees. Analysts had on average estimated a net profit of 8.7 billion rupees.

Hindustan Unilever shares were up 1.3 percent at 9.31 am, stronger than a 0.3 percent gain in the broader Nifty.

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