Hindustan Unilever hits over 3-month low; stock falls 12% in 2 months

The stock was down 3% at Rs 2,042, its lowest level since May 29, 2020 on the BSE.

Shares of Hindustan Unilever (HUL) were under pressure, hitting an over three-month low of Rs 2,042, down 3 per cent on the BSE in the intra-day trade on Monday. The stock of the fast-moving consumer goods company (FMCG) was trading at its lowest level since May 29, 2020.

In the past two months, HUL has underperformed the market by falling 12 per cent after it reported a mixed set of numbers for the quarter ended June 30, 2020 (Q1). In comparison, the S&P BSE Sensex has risen 2 per cent during the period. The company paid a dividend of Rs