With the rally in the Hindustan Unilever Ltd (HUL) stock taking a pause after a phenomenal run up in price, the other MNC stocks in the CNX MNC index took a breather in the morning trade today.

However, GSK Consumer Healthcare Ltd, which came out with impressive March 2013 quarter numbers and which is outside the CNX MNC index, gained massively by about Rs 175 powered by its results.

HUL stock shed Rs 9.20 to slip to Rs 574.60 on the NSE with about 38 lakh shares being traded. The stock hit a high of Rs 582.85 and, with the buyback news now in the open, appears to have taken a breather.

The significant FMCG gainer among the CNX MNC pack was Colgate-Palmolive that was up by Rs 32.55 at Rs 1,504. This counter saw a trading volume of 3.55 lakh shares. Cummins India was another significant gainer with the stock up by Rs 11.70 at Rs 522.85. Other major gainers in the CNX MNC index were Glaxosmithkline Pharma, Maruti and Bosch Ltd. Of the 15 stocks in the MNC index of the NSE, eleven made gains while four were in the red. But much of the gains and losses were only marginal.

GSK Consumer Healthcare Ltd, which is outside the NSE MNC index, surged by Rs 176.40 to Rs 4,199 riding on its March quarter results announced today.

But Nestle and Procter & Gamble, which had gained significantly after HUL announced its buyback, lost some ground today. While Nestle lost Rs 31.40 to trade at Rs 4,949.95, P&G shed Rs 44.35 to trade at Rs 2,690.10.

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