 "Hindustan Unilever stock races ahead on Q4 show, market share gains")
The stock of Hindustan Unilever (HUL) was up 4.8 per cent after the company delivered better than expected March quarter (Q4FY22) performance amid multiple headwinds. The stock is the top gainer in the benchmark indices–Sensex and Nifty. The Street is also enthused by market share gains in FY22 and management’s confidence on further gains going ahead, gradual improvement in margins as well as a hope of recovery in rural markets.
The immediate trigger for the stock is the beat across all parameters in the March quarter and delivering on growth despite the demand headwinds. Say Richard Liu and Sumanyu Saraf
