India's Procter & Gamble Hygiene and Health Care jumps on strong results

Procter & Gamble Hygiene and Health Care

04/02/2021 05:31

** Indian consumer co's shares  PROC.NS  rise as much as
10.9% to 12,600 rupees - biggest intraday pct gain since Oct 30,
2019 
    ** PROC on Wednesday posted 84.6% rise in Dec-qtr profit and
18.5% rise in revenue from operations  urn:newsml:reuters.com:*:nFWN2K90NQ
    ** "Both the feminine care and healthcare business delivered
strong double-digit growth in the quarter," says PROC statement
    ** PROC owns well-known brands in India such as feminine
care product Whisper and cough and cold relief product Vicks
    ** Motilal Oswal Securities Ltd upgrades rating on stock to
"buy", says "huge category growth potential in the Feminine
Hygiene segment" makes PROC an attractive long-term core holding
    
    ** More than 68,000 shares traded as of 0519 GMT, 5.7 times
their 30-day moving avg
    ** Stock fell 3.3% in 2020


 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))