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P&G shares on a roll

September 22, 2009

Graph showing price movement of P&G shares.Shares in Procter & Gamble Hygiene & Health Care, the Indian unit of Procter & Gamble Co., are on a rise ever since the company declared its quarterly numbers in August-end.

On Tuesday, its shares jumped by over 12 percent to 1,577 rupees and closed at their lifetime high.

The company, on August 27, announced that its net profit more than doubled to 477.7 million rupees for the April-June quarter. Its shares have jumped 47 percent since that day.

The shares of the consumer products company have also rewarded investors well over a long-term perspective. They have gained over 100 percent in 2009.

Would you buy P&G shares seeing the recent rally or do you think there are better options?

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