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Hindustan Unilever shares surge on sales volume results
Shares in Hindustan Unilever Ltd rose as much as 4.2% today after the company's sales volumes in the July-September quarter grew 5%, in line with market estimates of 4-5% growth.
Updated on: Oct 28, 2013, 09:52:51 IST
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Shares in Hindustan Unilever Ltd rose as much as 4.2% on Monday after the company's sales volumes in the July-September quarter grew 5%, in line with market estimates of 4-5% 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% to 9.14 billion rupees ($148.39 million). Analysts had on average estimated a net profit of 8.7 billion rupees.
Hindustan Unilever shares were up 1.6% at 0355 GMT, stronger than a 0.3% gain in the broader NSE index.
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