HUL hits 52-week high as company forays into health & wellbeing category

The company will be buying a majority stake in Zywie Ventures, promoter of brand OZiva, for Rs 264.28 crore and up to 20 per cent stake in Nutritionalab for Rs 70 crore.

Shares of FMCG major, Hindustan Unilever (HUL) extend the winning run for the fifth straight trading session in Friday's intra-day trade after the company announced its foray into health & wellbeing category. The stock so far hit a fresh 52-week high at Rs 2,741 and was up 0.7 per cent at Rs 2,720 as of 10:55 AM on the BSE. The counter had seen trades of around 14,000 shares.

Meanwhile, the S&P BSE Sensex slipped into the negative zone and was down 0.3 per cent at 62,360.

On Thursday, HUL announced buying a majority stake in Zywie Ventures, which sells plant-based and