Hindustan Unilever Ltd rises as much as 3.2 pct to a record high of 1,195.05 rupees.
Co reported a 9 pct increase in June-qtr net profit at 12.83 bln rupees ($199.42 million), beating expectations.
Deutsche Bank raises the consumer goods maker's target price to 1,200 rupees from 1,050 rupees, keeps "buy" rating.
Says Hindustan Unilever enjoyed "superior execution" in the previous quarter, cites positive trends such as "premiumisation" in homecare division, launch of herbal and natural brand.
Stock on track for seventh consecutive session of gains.
Up to Tuesday's close, stock had risen 40.1 pct this year compared with a 20 pct gain in the broader NSE index.
($1 = 64.3350 Indian rupees)
