HUL down second day in a row

The stock finally settled at Rs 268, down 3% from the previous close. Heavy volumes of 2.16 million shares were traded as compared to the two-week daily average traded volumes of 1.01 million shares on the BSE.
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(Updated at 1418hrs)

Hindustan Unilever has slipped for two consecutive days after the company has reported a decline in the net profit.

The stock today opened at Rs 277, touched a high of Rs 283 and slipped to a low of Rs 266. The scrip is now trading at Rs 271, down 2% from the previous close. Around 1.13 million shares were traded on the BSE as compared to the two-week daily average traded volumes of 1.01 million shares on the BSE.

The stock had yesterday tumbled nearly 10% from the day's high after the June quarter results were declared.

The company reported a 2.7% dip in the net profit to Rs 543 crore from Rs 558 crore in the previous quarter, a year ago.

However the net sales saw a growth of around 8% to Rs 4,476 crore in the June quarter as compared to Rs 4,153 crore in the previous quarter.