Hindustan Unilever trades higher for 4th straight day, nears 52-week high

Analysts said the outlook from June 2021 onwards is positive, barring the emergence of a third COVID wave

Shares of Hindustan Unilever (HUL) rose nearly 2 per cent to Rs 2,457.90 on the BSE in intra-day trade on Friday, in an otherwise weak market, on a positive outlook. The stock of the fast-moving consumer goods (FMCG) company was trading close to its 52-week high level of Rs 2,504.30, touched on April 13, 2021. It was trading higher for the fourth straight days. In comparison, the S&P BSE Sensex was down 0.66 per cent at 51,994 points at 12:35 pm.

In the past four days, Hindustan Unilever has outperformed the market by gaining 4 per cent, as compared to a