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| The markets began on a disappointing note on Monday, coming off the gains made on Saturday's Mahurat trading and unwinding of outstanding positions in the derivatives market. |
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| After a 10 point gain on Tuesday, old economy stocks led the recovery mid week amid a slew of corporate results, culminating in across-the-board buying to end with a massive gain of 126.35 points, or 2.64 per cent, at 4,906.87. |
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| With Friday's gain, the Sensex ended the week with 149.5 points (3.14 per cent) higher than its previous weekly close of 4757.37. The broader Nifty, meanwhile, ended 50.85 points (3.37 per cent) higher at 1555.90. |
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| HLL |
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| Last week's close (Rs) 174.48 |
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| Prev. week's close (Rs) 187.05 |
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| Week's high (Rs) 188.60 |
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| Week's low (Rs) 173.03 |
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| Last week's ave. daily turnover (Rs cr) 82.47 |
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| Prev. week's ave. daily turnover (Rs cr) 52.47 |
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| Futures close Nov-2003 (Rs) 176.00 |
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| Futures close Dec-2003 (Rs) 0.00 |
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| Futures close Jan-2004 (Rs) 0.00 |
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| Number of up/down moves 1/4 |
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| HLL dipped 6.65 per cent amidst heavy selling and clocked a volume increase of 53.15 per cent. The selling came about as a result of unimpressive results which failed to light up the stock. |
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| "Profits did not encourage the stock to gain but if the markets continue at the current pace, FMCG stocks will definitely see some gains," says Doshi. |
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| The stock may see levels of Rs 200 if the Sensex reach 5000 levels, he adds. |
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| The company is also planning restructuring of its manufacturing operations as a part of its cost rationalisation drive by closing around 100 manufacturing sites. HLL's net profit rose 7.24 per cent to Rs 413.29 crore in Q2, compared to the previous corresponding quarter. |
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"The stock is in a short-term downtrend. But it
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