Hindustan Unilever gains 2%, hits over 11-month high in a weak market

Shares of Hindustan Unilever (HUL) hit an over 11-month high at Rs 2,728.55, as the stock of the fast moving consumer goods (FMCG) giant gained 2 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market. The stock traded at its highest level since October 19, 2021. It is quoted close to its 52-week high of Rs 2,780 touched on September 24, 2021, the BSE data shows.

In the past one week, HUL has outperformed the market by gaining 6 per cent. In comparison, the S&P BSE Sensex was down 2 per cent during the same period. Further, in past six months, the stock has rallied nearly 40 per cent, as against 0.34 per cent