Hindustan Unilever trades higher for seventh straight day, hits record high

Shares of Hindustan Unilever (HUL) were trading higher for the seventh straight day, up 2 per cent at Rs 2,108 on the BSE on Thursday, after the company reported better-than-expected September quarter (Q2FY20) results.

The stock of fast moving consumer goods (FMCG) company surpassed its previous high of Rs 2,102 touched on September 23, 2019. In the past eight days, it has rallied 12 per cent, as compared to a 3 per cent rise in the S&P BSE Sensex.

HUL’s net profit grew 21 per cent at Rs 1,840 crore, while sales revenue rose 6 per cent at Rs 9,708 crore relative