FMCG firm Procter and Gamble Hygiene and Health Care (P&G) today reported a 2.64 percent rise in net profit to Rs 99.63 crore for the third quarter ended March 31, 2017.
Motilal Oswal is bullish on P&G Hygiene and Healthcare has recommended buy rating on the stock with a target price of Rs 8250 in its research report dated February 02, 2017.
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FMCG firm Procter & Gamble Hygiene and Health Care today reported a 2.80 per cent rise in net profit to Rs 150.62 crore for the December quarter.
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FMCG major Procter and Gamble Hygiene and Health Care Ltd (P&G) today reported a 50.14 per cent jump in the net profit to Rs 104.44 crore for the quarter ended September 30, helped by lower expenses.
The Delhi High Court today quashed the government notification on March 10 that banned 344 fixed-dose combination drugs.
US-based consumer goods major Procter & Gamble (P&G) is looking to increase stake in its Indian arm and considering buy-back as an option, reports CNBC-TV18.
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In an interview to CNBC-TV18, Rahul Arora, CEO of Nirmal Bang Institutional Equities shared his readings and outlook on specific stocks and sector.
P&G's net sales during the quarter under review was up 10.52 percent to Rs 613.23 crore as against Rs 554.84 crore in the year-ago period, it added.
Justice Rajiv Sahai Endlaw also sought an explanation from the concerned ministry on the issue, saying they must have opted for some standard procedures before granting licences to the pharma companies.
The 22 healthcare companies have sought quashing of the government's March 10 notification banning over 300 FDC drugs, including cough syrup compositions on the ground that they involve "risk" to humans and safer alternatives were available.
Government has banned medicines including Vicks Action 500 Extra as part of its decision to stop the manufacture and sale of fixed dose combination drugs (FDCs).
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Justice Rajiv Sahai Endlaw said "same orders" would be passed in respect of the five companies which also included Alembic Pharmaceuticals and Piramal Enterprises Ltd as was passed yesterday and day before in the case of pharma majors Pfizer, Abbott Healthcare and Macleods Pharmaceuticals.
Procter & Gamble Hygiene and Health Care said that while it had stopped selling the product, it was evaluating all options to challenge the ban.
The government has prohibited manufacture for sale, sale and distribution of fixed dose combination drugs (paracetamol + phenylephrine + caffeine) with immediate effect. Vicks Action 500 Extra has the same fixed dose combination.
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According to Prakash Diwan of prakashdiwan.in, one can buy UltraTech Cement.
Prakash Diwan of prakashdiwan.in is of the view that one may prefer Procter and Gamble and PTC India Financial Services.