The Hindu Business Line : Huge volumes aid Henkel

HENKEL India finished at Rs 31.65 with a gain of 4.63 per cent on the BSE, aided by huge volume increase. The stock registered a traded quantity of 27.57 lakh shares on the BSE against its two-week average of 4.27 lakh shares on the exchange.

In the past one week, the counter's value has moved up by 28.66 per cent. According to dealers, the stock is attracting strong value buying from investors for it being a relatively cheaper FMCG play.

"While HLL is currently valued by the market at roughly four times its annual sales, Henkel is attracting a market valuation of just about one time its sales," said a market analyst.

The Indian outfit of the German FMCG major has established strong brands and extended its product range to almost all segments of body care, dental care, detergent, cleaners, and hair care.

In the hair care segment, its products reportedly have obtained acceptance from over 2,000 hairdressers and over 15,000 upmarket saloons. It also exports zeolite and supplies it to HLL.

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