P&G Hygiene, Gillete India rise on new MD

Procter & Gamble Hygiene and Health Care

18/03/2024 09:41

** Shares of Procter & Gamble Hygiene and Health Care
 PROC.NS  up 4%, Gillette India  GILE.NS  up 2.6% 
    ** Kumar Venkatasubramanian appointed as managing director
of both companies for five years effective May 1, 2024
    ** L. V. Vaidyanathan resigns from the post of managing
director 
    ** PROC climbs most since Oct. 31, 2023; rises above 50-day
simple moving average
    ** GILE hits 1-month high and trading above its 50- and 200-
day simple moving averages
    


 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))