Business Standard

HUL shares inch up ahead of Q3 numbers

The last few months saw the company invest heavily in categories such as hair care

Related News

Shares of Hindustan Unilever (HUL) moved up in mid-morning trade after starting the day flat on the Bombay Stock Exchange (BSE) today. There was a sudden spurt post 11-11.30 am, with the stock inching up 1.44% to touch Rs 497.10 after starting the day below Friday's close of Rs 490 a share.

Analysts attribute the upswing to a possibility of declaring a decent set of Q3 numbers tomorrow. While concerns have remained on the discretionary side such as personal products and packaged foods, HUL is expected to hold forte in key categories such as soaps and detergents, where it took up price hikes in select stock keeping units through the December quarter to prop up value growth.

The largest fast moving consumer goods (FMCG) company is also expected to continue with its pipeline of launches despite the slowdown taking the sheen off the major in the last two quarters. The last few months saw the company invest heavily in categories such as hair care with high-end products such as Tresemme. HUL has maintained that the next level of growth for it will come from new emerging categories as existing segments begin to saturate.

Read more on:   
|
|

Read More

Former CJI Kapadia joins BSE

Nominated to post by Sebi, takes over as public interest director

Quick Links

 

Market News

Crude oil falls by 1.1% on weak Asian cues

Speculators reduced their positions amid a weakening trend in Asian trade ahead of key OPEC meeting

Silver plunges over 2% on global cues

Speculators indulged in trimming positions amidst a weak trend overseas

Nickel up 0.5% on firm demand, global cues

Speculators enlarged positions, tracking a firming trend in spot market on increased demand from alloy-makers

Markets remain flat; Infosys, HUL lead gains

The 30-share Sensex and the 50-share Nifty were flat at the mark of 28,385 and 8,476 respectively

8K Miles Software up 10% for second straight day

The company through its US subsidiary announced that the acquisition of SERJ solutions to enhance healthcare cloud offering.

Back to Top