Momentumisers: Here’s why HUL is in focus
Hindustan Unilever Ltd’s (HUL) stock was up almost 2.7 percent in Friday’s trading session. All of last week, it was up 5 percent and it has also been among the best performers this month from the Nifty pack, up 6 percent.
Hindustan Unilever Ltd’s (HUL) stock was up almost 2.7 percent in Friday’s trading session. All of last week, it was up 5 percent and it has also been among the best performers this month from the Nifty pack, up 6 percent.
Despite seeing a 6 percent upmove last week, it is up just 3.5 percent for this year itself.
The fast-moving consumer goods (FMCG) index has outperformed this month, 3 percent, and in that HUL has performed better with 6 percent move.
It is about 1 percent away from its all-time high.
The key factors why the stock has been moving higher are – one, because of the volatility in the market, now there is a flight to defensives, second, a fair amount of brokerage notes that came by last week and third, the company’s own growth triggers for Q1 and for quarters, going ahead.
Watch the accompanying video of CNBC-TV18’s Mangalam Maloo for more details.
(Edited by : Dipika)
First Published: Jun 21, 2021 10:27 AM IST
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