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

Viveat Susan Pinto  |  Mumbai 

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.

RECOMMENDED FOR YOU

HUL shares inch up ahead of Q3 numbers

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

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.

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.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Kirloskar Oil 216.50 2.17
A B B 1078.60 1.76
Natco Pharma 446.40 1.35
Elgi Equipment 122.20 1.28
MphasiS 431.30 0.89
> More on BSE Gainers
Company Price() Chg(%)
SE Investments 188.55 4.17
A B B 1086.05 2.93
Prestige Estates 162.75 2.42
Elgi Equipment 122.95 2.08
Munjal Showa 168.00 1.17
> More on NSE Gainers
Company Price() Chg(%)
8K Miles 1421.85 -19.55
Unitech 4.09 -16.36
KSK Energy Ven. 39.60 -14.47
Pipavav Defence 55.55 -14.21
C P C L 145.00 -14.12
> More on BSE Gainers
Company Price() Chg(%)
Unitech 4.10 -16.33
KSK Energy Ven. 39.50 -14.32
C P C L 144.65 -14.26
Pipavav Defence 55.75 -14.03
Castex Tech 8.15 -13.76
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price