Hindustan Unilever nears record high; gains 14% in one month

The stock was up 2% to Rs 1,777, trading close to its record high level of Rs 1,808 touched on August 20, 2018, on the BSE in intra-day trade.

Shares of fast moving consumer goods (FMCG) major Hindustan Unilever (HUL) were up 2% at Rs 1,777 per share, rising 14% in the past one month, on expectations of better volume growth/margin delivery against its peers. The stock was trading near its record high level of Rs 1,808 touched on August 20, 2018, on the BSE in intra-day trade.

HUL had underperformed the market between August 20 and October 9, by falling 15% on higher valuation concerns. In comparison, the S&P BSE Sensex was down 10% during the same period.

According to media reports, Anglo-Dutch consumer goods company