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Hindustan Unilever weakens on decline in net

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BS Reporter Mumbai

The stock touched a high of Rs 281 and finally ended with a 3.5% loss at Rs 273. Around 342,796 stocks were traded on the BSE today.
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(Updated at 1047 hrs)

Hindustan Unilever is trading at Rs 272, lower by Rs 10 or 3%. The stock had opened at Rs 279 and touched a high of Rs 280 and a low of Rs 268 so far during the day.

The net profit of India’s largest fast-moving consumer goods maker, Hindustan Unilever, fell in the second quarter (July to September) on a one-time charge related to a settlement with former workers.

 

The company reported a net profit of Rs 429 crore, down 21.6 per cent from Rs 547 crore a year ago.

 

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First Published: Nov 03 2009 | 3:47 PM IST

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