GSK Consumer gains good Q2 profit

GlaxoSmithkline Consumer Healthcare gained on Friday after it reported an increase of 24.77% in net profit for the quarter ended September 2012, as margins increased.

During the quarter, net profit grew to Rs 1.29 billion for the quarter ended Sept. 30, 2012 as compared to Rs 1.03 billion in the same period last year. Net sales during the quarter rose 15.19% to Rs 8.58 billion compared with the same period last year.

Shares ofthe companyare trading at Rs 3,090, up Rs 83.25, or 2.77% at the Bombay Stock Exchange (BSE) on Friday at 9:28 a.m.The scrip has touched an intra-day high of Rs 3,090 and low of Rs 3,035. The total volume of shares traded at the BSE is 486.In the earlier session, the shares lost 0.51%, or Rs 15.55, at Rs 3,006.75. Currently, the stock is trading down 3.44% from its 52-week high of Rs 3,200 and above 41.81% over the 52-week low of Rs 2,179.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 3,099.05 (92.30) (2.98) 1 Month 2,975.50 31.25 1.05 3 Months 2,728.60 278.15 10.19 6 Months 2,747.65 259.10 9.43 1 Year 2,394.95 611.80 25.55 Note: Based on previous day closing price.