Hindustan Unilever gains on defensive buying

The stock surged to high of Rs 285 - up 7%. It finally ended with a gain of 5.5% at Rs 282. Around 1.05 million shares were traded on the BSE today.
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(Updated at 1406 hrs)

Hindustan Unilever is trading strong at Rs 278, up by 4.3% on the BSE.

A total of 579,540 shares have been traded today, as against the 2-week average volumes of 296,091 shares.

HUL has apparently attracted investor interest as it is seen as a defensive buy in a soft market.

Moreover, there are reports that the company is planning to launch its global soya based fruit drink 'AdeZ' in India by next year.