Indian Markets Flat; Tata Motors and HUL Hold in Positive Zone

Indian Markets Flat; Tata Motors and HUL Hold in Positive Zone

Indian markets were trading flat on Friday afternoon after opening positive. The stock markets drifted in the afternoon as heavyweight stocks were trading lower. Among major losers were Tata Power, DLF, Reliance Infra, Power Grid, Hindalco, Larsen and SAIL.

Reliance, Cipla, Axis Bank, HDFC Bank, PNB, Bajaj Auto and SBI were marginally down. Standard Chartered has given a target of 6000 for NSE Nifty in next six-nine months' period.

Net profits turn down in the third quarter for HUL

Net profits turn down in the third quarter for HUL

Previous year, Hindustan Unilever Ltd (HUL) had recorded a net profit of Rs 649.11 crore in the corresponding period. Although the total income during the third quarter of the current fiscal has increased by 12.12% to Rs 5,127.71 crore from Rs 4,573.23 crore in the year-ago period.

During their filing in BSE, HUL posted that domestic consumer business showed a volume growth of 13 per cent and purchases of various goods have also featured growth during third quarter.

Kolkata HC Restricts HUL From Telecast of Rin ad

HULThe Kolkata High Court has delivered an interim verdict, restricting the Hindustan Unilever Ltd from airing its latest advertisement of Rin.

The action was taken in view of the extremely direct comparison of Procter & Gamble (P&G)'s Tide with Rin presented in the advertisement. P&G had filed a lawsuit against HUL in the Kolkata High court, on Friday.

HUL registers decline of 22% in its Q3 net profit

Hindustan Unilever

Hindustan Unilever Limited (HUL), India's largest fast moving consumer goods company (FMCG) has reported a decline of 22 percent in its net profit at Rs 429 crore in the second quarter ended September 30, as against a net profit of Rs 547 crore, the same period last fiscal.

HUL net down 2.7% as other income declines

Hindustan Unilever LtdHindustan Unilever Ltd (HUL), India's largest fast-moving consumer goods company, reported a fall of 2.7% in net profit for the first quarter of the current fiscal. Higher exceptional income in the corresponding quarter last year accounted for decline in profit.

HUL's net profit fell to Rs 543 crore in the first quarter of the current year, as against Rs 558 crore in the similar period last year, even as net sales showed a growth 7.8% to Rs 4,475 crore.