Hindustan Unilever extends fall: down 5% in two days

In past six months, the stock had outperformed the market by surging 56% against 23% rise in Sensex till Monday, September 25, 2017.

Hindustan Unilever (HUL) was down 2.4% to Rs 1,189 in intra-day trade, extending Tuesday’s 2.3% fall on the BSE. The fast moving consumer goods company (FMCG) on Monday, in investor presentation said that the early part of September quarter was affected by various myths in trade.

But, the trade situation improving gradually with wholesale channel now stabilizing, it added.

The stock has fallen 7.5% from its record high of Rs 1,286 touched on September 19, 2017. On comparison, the S&P BSE Sensex was down 3% during the same period.

“HUL management suggests no significant recovery in consumer demand;