HUL slips on buzz of slashing prices of select product portfolios

Hindustan Unilever fell 1.67% to Rs 1830.50 on reports the company has cut prices across some of its product portfolios to pass on the benefit of softening input costs.

"HUL does selective and judicious price changes across its portfolio in the normal course of its business. Given that the commodity prices are expected to remain benign for certain time period, we have taken price reductions in range of 4-6% in Lux and Lifebuoy portfolio while it may be higher on certain packs in order to pass on the benefits to the consumers," a company spokesperson was quoted by the media as saying on Tuesday.

On the BSE, 33 lakh shares were traded in the counter so far compared with average daily volumes of 57747 shares in the past one quarter. The stock hit a high of Rs 1847.65 and a low of Rs 1824.15 so far during the day.

The stock hit a 52-week high of Rs 1888.95 on 27 Aug 2019. The stock hit a 52-week low of Rs 1477.9 on 11 Oct 2018.

Shares of Hindustan Unilever (HUL) outperformed the market over the past one month, rising 8.67% compared with 0.12% rise in the Sensex. The scrip also outperformed the market in past one year, rising 3.90% as against Sensex's 2.72% rise.

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