Hindustan Unilever touches record high on heavy volumes

In past one-month, the stock rallied 15% as compared to 2% gain in Sensex and 6% rise in FMCG index

Hindustan Unilever (HUL) hit its record high of Rs 1,038, up 1.7% on BSE in an otherwise range-bound market after a more than seven lakh equity shares exchanged hands on the counter in noon trade.

At around 12:07 pm; a combined 716,561 equity shares exchanged hands on NSE and BSE, the exchange data showed.
 

In past four trading sessions, the stock gained 5% after the Goods and Services Tax (GST) Council, at its meeting held in Srinagar last week approved rates for a number of categories.

Many important inputs for the food processing industry like jaggery, cereals and