Hindustan Unilever hits 52-week high; trades higher for 7th straight day

In the past seven trading days, the stock of HUL has rallied 7 per cent as compared to a 1.5 per cent rise in the S&P BSE Sensex and a 2.8 per cent gain in the S&P BSE FMCG index

Shares of Hindustan Unilever (HUL) hit a new 52-week high of Rs 2,549.50 on the BSE in the intra-day trade on Friday as investors turned to defensive stocks from the FMCG space in a weak market. The stock of the fast moving consumer goods (FMCG) company was trading higher for the seventh straight day. In comparison, the S&P BSE Sensex was down 0.67 per cent at 55,251 points at 10:40 am.

The stock surpassed its previous high of Rs 2,531.50, touched on June 22, 2021, and was trading at its highest level since April 2020. It had hit an