Hindustan Unilever rose 3.93% to Rs 847.05 at 13:05 IST on BSE, with the stock extending recent gains triggered by recent reports of a foreign investment bank upgrading the stock to 'buy' from 'hold' and also raised its target price for the stock.
Meanwhile, the BSE Sensex was up 66.81 points, or 0.24%, to 27,341.52.
On BSE, so far 1.8 lakh shares were traded in the counter, compared with an average volume of 83,697 shares in the past one quarter.
The stock hit a high of Rs 849, also a record high for the stock. The stock hit a low of Rs 817.50 so far during the day. The stock hit a 52-week low of Rs 536 on 15 January 2014.
From a recent low of Rs 756.20 on 2 January 2015, the stock has jumped 12.01% to current ruling price in five sessions.
The stock had outperformed the market over the past one month till 8 January 2015, falling 0.62% compared with 3% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11% as against Sensex's 3.92% rise.
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The large-cap FMCG company has an equity capital of Rs 216.32 crore. Face value per share is Re 1.
Hindustan Unilever's net profit rose 7.4% to Rs 953.94 crore on 11.4% rise in total income to Rs 7885.81 crore in Q2 September 2014 over Q2 September 2013.
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