Hindustan Unilever shares fall 2.70% in weak market session
Updated
Updated · MarketWatch · Apr 30
Hindustan Unilever shares fall 2.70% in weak market session
9 articles · Updated · MarketWatch · Apr 30
The stock closed at 2,250.60 rupees as the BSE Sensex fell 0.75% to 76,913.50 on Thursday.
Hindustan Unilever ended 17.76% below its 52-week high of 2,736.63 rupees reached on 4 September.
It lagged peers, with Jyothy Laboratories up 0.09%, while Procter & Gamble Hygiene and Health Care and Godrej Consumer Products fell 2.16% and 2.11%; volume reached 304,810 versus a 50-day average of 121,278.
With record sales but falling shares, is HUL's premium strategy a victim of global economic turmoil?
HUL's profits soared, yet its stock plunged. Is this a market panic or a sign of deeper troubles ahead?