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Hindustan Unilever scales record high

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Hindustan Unilever gained 3.35% to Rs 970.50 at 15:03 IST on BSE on defensive buying in weak board market.

Meanwhile, the S&P BSE Sensex was down 618.34 points or 2.10% at 28,830.61.

On BSE, so far 2.23 lakh shares were traded in the counter as against average daily volume of 1.51 lakh shares in the past one quarter.

The stock scaled record high of Rs 974.45 in intraday trade today, 9 March 2015. The stock hit an intraday low of Rs 933.70 so far during the day. The stock had hit a 52-week low of Rs 547.95 on 6 March 2014.

The stock had outperformed the market over the past one month till 5 March 2015, rising 3.4% compared with 2.07% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.52% as against Sensex's 3.48% rise.

The large-cap company has equity capital of Rs 216.33 crore. Face value per share is Re 1.

The Hindustan Unilever (HUL) stock gained as investors flocked to the defensive stock on waning risk appetite. The barometer index, the S&P BSE Sensex, and the 50-unit CNX Nifty hit their lowest level in more than a week today, 9 March 2015 amid weakness in global stocks. European stocks fell as Greece worries bubbled to the surface again. Asian stocks fell as strong US jobs data fanned expectations that the US Federal Reserve may raise interest rates sooner than previously thought.

HUL reported 17.9% rise in net profit to Rs 1252.17 crore on 12.2% growth in total income to Rs 8290.97 crore in Q3 December 2014 over Q3 December 2013.

Hindustan Unilever is India's largest fast moving consumer goods (FMCG) company.

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First Published: Mon, March 09 2015. 15:13 IST