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.

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.