Buyback buoys HUL 23 per cent

DALAL STREET SPIKES

Share price of India's largest FMCG HUL opened at Rs 197.50 and closed at Rs 204, gaining 5.02 per cent compared with its previous close. The share price have risen 22.59 per cent in last one month.

The company board will meet on July 29 to decide the buyback. The company may use its existing cash surplus to buy back shares at current market price.