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Latest Hindustan Unilever News

Comprehensive Hindustan Unilever Stock Updates: Catch up on the latest Hindustan Unilever stock news and industry insights. Get quick details on Hindustan Unilever stock buybacks,Hindustan Unilever results, Hindustan Unilever company analysis, Hindustan Unilever live prices, Hindustan Unilever dividends, Hindustan Unilever bonus share, board meetings, lifetime highs, Hindustan Unilever targets, lows, and growth stories with AI.

Unilever is committed to defending its market leadership in India, ready to invest heavily or make acquisitions as competition grows. Hindustan Unilever remains a dominant player in home and personal care categories, with plans to grow 4-5 per cent by volume in an expanding economy.
The Economic Times

The Economic Times

Unilever ready to defend India top spot with millions

Unilever is committed to defending its market leadership in India, ready to invest heavily or make acquisitions as competition grows. Hindustan Unilever remains a dominant player in home and personal care categories, with plans to grow 4-5 per cent by volume in an expanding economy.

Fri, Sep 27, 2024

The Bombay High Court has dismissed Hindustan Unilever Limited's Writ Petition regarding a demand of INR 962.75 Crores by the Income Tax Authorities for non-deduction of TDS. The court allowed HUL to file a stay application within 15 days and advised the Department not to enforce recovery pending its disposal.
The Economic Times

The Economic Times

Bombay HC dismisses HUL's plea for relief against TDS demand worth over Rs 963 crore

The Bombay High Court has dismissed Hindustan Unilever Limited's Writ Petition regarding a demand of INR 962.75 Crores by the Income Tax Authorities for non-deduction of TDS. The court allowed HUL to file a stay application within 15 days and advised the Department not to enforce recovery pending its disposal.

Wed, Sep 25, 2024

Top Gainers and Losers Today : The Sensex lost 14.57 points, or -0.02, to settle at 84928.61, while the Nifty gained 1.35 points, or 0.01, to close at 25939.05.
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Mint

Top Gainers and Losers today on 24 September, 2024: Tata Steel, Hindalco Industries, SBI Life Insurance Company, Hindustan Unilever among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex lost 14.57 points, or -0.02, to settle at 84928.61, while the Nifty gained 1.35 points, or 0.01, to close at 25939.05.

Tue, Sep 24, 2024

Stock Market Today: ITC Ltd, Hindustan Unilever Ltd, Dabur India, others share prices have risen up to 26% in last 6 months. The gains in share prices have been led by some improvement in demand, signs of recovery. Check for factors leading to improved prospects and stock picks by analysts
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ITC , HUL, Dabur, others share prices rise up to 26% in 6 months: Buy, Sell or Hold the stocks?

Stock Market Today: ITC Ltd, Hindustan Unilever Ltd, Dabur India, others share prices have risen up to 26% in last 6 months. The gains in share prices have been led by some improvement in demand, signs of recovery. Check for factors leading to improved prospects and stock picks by analysts

Wed, Sep 18, 2024

Hindustan Unilever is set to launch its global beauty brand Hourglass in India, marking its entry into the luxury cosmetics market. The brand will be available both online and offline. This move aligns with HUL's strategy to focus on high-margin, low-penetration categories and cater to the growing demand for premium beauty products in India.
The Economic Times

The Economic Times

With Hourglass, HUL feels time is ripe to enter India luxury cosmetics

Hindustan Unilever is set to launch its global beauty brand Hourglass in India, marking its entry into the luxury cosmetics market. The brand will be available both online and offline. This move aligns with HUL's strategy to focus on high-margin, low-penetration categories and cater to the growing demand for premium beauty products in India.

Tue, Sep 17, 2024

Brokerage firm Motilal Oswal has recommended three stocks - JK Cement, Havells India and Hindustan Unilever - to buy this week with decent upside move.
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Mint

Stocks in focus: These three shares are among top bets by Motilal Oswal for this week

Brokerage firm Motilal Oswal has recommended three stocks - JK Cement, Havells India and Hindustan Unilever - to buy this week with decent upside move.

Tue, Sep 17, 2024

Godrej Consumer Products MD & CEO Sudhir Sitapati has thrown his support behind Dhaval Buch, husband of embattled Sebi Chairperson Madhabi Puri Buch, stating that it could be the side effects of what happens when the worlds of government and the private sector collide.
Dhaval and Madhabi have been facing allegations of conflict of interest over providing consultancy services to corporates.
In a post on networking platform LinkedIn, he said unless the context of the top professionals coming from the corporate world is understood, there could be a situation where no senior person from the private sector would ever consider a government job.
Given the cusp of change India is at, "there is a lot of talent in the private sector that the government could use, and we probably need to reconsider our old socialist biases against everything private," he said.
"I have known of and then known Dhaval Buch for the 22 years that I worked at Hindustan Unilever. I was much his junior, but in a ...
Business Standard

Business Standard

Godrej Consumer MD and CEO Sudhir Sitapati throws weight behind Dhaval Buch

Godrej Consumer Products MD & CEO Sudhir Sitapati has thrown his support behind Dhaval Buch, husband of embattled Sebi Chairperson Madhabi Puri Buch, stating that it could be the side effects of what happens when the worlds of government and the private sector collide. Dhaval and Madhabi have been facing allegations of conflict of interest over providing consultancy services to corporates. In a post on networking platform LinkedIn, he said unless the context of the top professionals coming from the corporate world is understood, there could be a situation where no senior person from the private sector would ever consider a government job. Given the cusp of change India is at, "there is a lot of talent in the private sector that the government could use, and we probably need to reconsider our old socialist biases against everything private," he said. "I have known of and then known Dhaval Buch for the 22 years that I worked at Hindustan Unilever. I was much his junior, but in a ...

Mon, Sep 16, 2024

The market saw a near-even split between winners and losers, with 26 stocks closing higher and 24 lower.  NTPC, JSW Steel, Hindalco Industries, Shriram Finance, and L&T led the gains, while Bajaj Finance, Hindustan Unilever, Bajaj Finserv, SBI Life Insurance Company, and Britannia Industries saw declines.
The Economic Times

The Economic Times

Sensex, Nifty hit fresh lifetime highs but concede day's gains in range-bound trade

The market saw a near-even split between winners and losers, with 26 stocks closing higher and 24 lower. NTPC, JSW Steel, Hindalco Industries, Shriram Finance, and L&T led the gains, while Bajaj Finance, Hindustan Unilever, Bajaj Finserv, SBI Life Insurance Company, and Britannia Industries saw declines.

Mon, Sep 16, 2024

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 689123.37 Crore) operating in FMCG sector.
The Economic Times

The Economic Times

Buy Hindustan Unilever, target price Rs 3250: Motilal Oswal

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 689123.37 Crore) operating in FMCG sector.

Mon, Sep 16, 2024

Shares to buy today: Chandan Taparia has recommended three stocks to buy today – Apollo Hospitals, Hindustan Unilever, and Havells
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Mint

Shares to buy or sell: Chandan Taparia recommends three stocks to buy today

Shares to buy today: Chandan Taparia has recommended three stocks to buy today – Apollo Hospitals, Hindustan Unilever, and Havells

Fri, Sep 13, 2024

Stocks at record high: The Indian stock market benchmarks—the Sensex and Nifty 50—hit new record highs. The total market capitalisation of BSE-listed companies rose by nearly  ₹6 lakh crore. Almost 280 stocks, including ITC, Bharti Airtel, and Hindustan Unilever (HUL), hit their 52-week highs.
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Mint

Stocks at record high: ITC, Airtel, HUL.. nearly 280 stocks hit 1-year highs; investors earn ₹6 lakh crore in a day

Stocks at record high: The Indian stock market benchmarks—the Sensex and Nifty 50—hit new record highs. The total market capitalisation of BSE-listed companies rose by nearly ₹6 lakh crore. Almost 280 stocks, including ITC, Bharti Airtel, and Hindustan Unilever (HUL), hit their 52-week highs.

Thu, Sep 12, 2024

Several firms are interested in acquiring Hindustan Unilever's ice-cream business, which includes brands like Kwality Wall's and Magnum. HUL is setting up an independent committee to evaluate the future of this segment. The Indian ice-cream market is growing rapidly due to rising disposable incomes and innovative products.
The Economic Times

The Economic Times

HUL's scoop: In a hot market, all scream for ice cream

Several firms are interested in acquiring Hindustan Unilever's ice-cream business, which includes brands like Kwality Wall's and Magnum. HUL is setting up an independent committee to evaluate the future of this segment. The Indian ice-cream market is growing rapidly due to rising disposable incomes and innovative products.

Tue, Sep 10, 2024

Stocks at record high: The Indian stock market saw significant gains on Tuesday, with 278 stocks, including Hindustan Unilever, Dabur, and Britannia Industries, reaching new 52-week highs during intraday trading on the BSE.
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Mint

Stocks at record high: HUL, Britannia, Dabur... nearly 280 stocks hit fresh 1-year high on BSE in the stock market today

Stocks at record high: The Indian stock market saw significant gains on Tuesday, with 278 stocks, including Hindustan Unilever, Dabur, and Britannia Industries, reaching new 52-week highs during intraday trading on the BSE.

Tue, Sep 10, 2024

Indian markets ended higher on Monday, with the S&P BSE Sensex up over 370 points and Nifty50 maintaining 24,900 levels. Gains were seen in consumer durables, banks, and FMCG, while sectors like PSU and energy saw declines.
The Economic Times

The Economic Times

Technical Breakout Stocks: How to trade Hindustan Unilever, Jubilant Pharmova and Glenmark Life on Tuesday?

Indian markets ended higher on Monday, with the S&P BSE Sensex up over 370 points and Nifty50 maintaining 24,900 levels. Gains were seen in consumer durables, banks, and FMCG, while sectors like PSU and energy saw declines.

Mon, Sep 9, 2024

Among the top gainers were Shriram Finance, SBI Life, Hindustan Unilever, ICICI Bank, and Britannia, while ONGC led the list of top losers.
Business Line

Business Line

Mid-day updates: Indian stock markets show modest gains despite mixed sentiment

Among the top gainers were Shriram Finance, SBI Life, Hindustan Unilever, ICICI Bank, and Britannia, while ONGC led the list of top losers.

Mon, Sep 9, 2024

Hindustan Unilever Ltd's board has decided to form a panel of independent directors to evaluate the prospects of its ice cream business. This follows Unilever PLC's earlier announcement to separate its global ice cream business. The committee will make recommendations to the board, which will then consider the matter in future meetings.
The Economic Times

The Economic Times

HUL forms panel of independent directors to evaluate prospects of ice cream biz

Hindustan Unilever Ltd's board has decided to form a panel of independent directors to evaluate the prospects of its ice cream business. This follows Unilever PLC's earlier announcement to separate its global ice cream business. The committee will make recommendations to the board, which will then consider the matter in future meetings.

Fri, Sep 6, 2024

Following shares hit their 52 week high today - Hindustan Unilever, ICICI Lombard General Insurance Company, Colgate Palmolive India, Bajaj Finserv, Sun Pharmaceutical Industries
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Hindustan Unilever, ICICI Lombard General Insurance Company & others hit 52 week high today ; Do you own any?

Following shares hit their 52 week high today - Hindustan Unilever, ICICI Lombard General Insurance Company, Colgate Palmolive India, Bajaj Finserv, Sun Pharmaceutical Industries

Fri, Sep 6, 2024

Unilever's global CEO, Hein Schumacher, acknowledged that while Hindustan Unilever (HUL) leads in 85% of its categories in India, the company's high market share might not be sustainable due to shifts in consumer behavior towards premium products and modern retail channels. India, which is Unilever's second-largest market by revenue, is experiencing significant premiumization, with consumers increasingly moving from local stores to online and supermarket channels.
The Economic Times

The Economic Times

Unilever will probably not hold its high market share in India: CEO Hein Schumacher

Unilever's global CEO, Hein Schumacher, acknowledged that while Hindustan Unilever (HUL) leads in 85% of its categories in India, the company's high market share might not be sustainable due to shifts in consumer behavior towards premium products and modern retail channels. India, which is Unilever's second-largest market by revenue, is experiencing significant premiumization, with consumers increasingly moving from local stores to online and supermarket channels.

Thu, Sep 5, 2024

The Bombay High Court has directed Abbott Laboratories to halt advertisements that allegedly disparage Hindustan Unilever’s Horlicks Diabetes Plus. The court found a strong prima facie case for HUL, arguing that Abbott's ads negatively portray Horlicks Diabetes Plus. A hearing is scheduled for October 7.
The Economic Times

The Economic Times

Bombay HC grants temporary relief to HUL in case against Abbott Ads

The Bombay High Court has directed Abbott Laboratories to halt advertisements that allegedly disparage Hindustan Unilever’s Horlicks Diabetes Plus. The court found a strong prima facie case for HUL, arguing that Abbott's ads negatively portray Horlicks Diabetes Plus. A hearing is scheduled for October 7.

Thu, Sep 5, 2024

Hindustan Unilever sought an injunction against Abbott for infringing and denigrating its product, Horlicks Diabetes Plus
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HC grants relief to HUL in plea against Abbott over health drink ad

Hindustan Unilever sought an injunction against Abbott for infringing and denigrating its product, Horlicks Diabetes Plus

Thu, Sep 5, 2024

Reliance is set to inject up to ₹3,900 crore into its FMCG division, Reliance Consumer Products Ltd (RCPL), through a combination of equity and debt. This significant capital infusion aims to enhance its competitive stance against major players like Hindustan Unilever, ITC, and Coca-Cola.
The Economic Times

The Economic Times

Reliance plans Rs 3.9k-cr infusion into FMCG unit to step up play

Reliance is set to inject up to ₹3,900 crore into its FMCG division, Reliance Consumer Products Ltd (RCPL), through a combination of equity and debt. This significant capital infusion aims to enhance its competitive stance against major players like Hindustan Unilever, ITC, and Coca-Cola.

Wed, Sep 4, 2024

Hindustan Unilever Ltd is quoting at Rs 2825, up 1.1% on the day as on 12:49 IST on the NSE. The stock is up 12.68% in last one year as compared to a 28.43% jump in NIFTY and a 23.15% jump in the Nifty FMCG index.
Business Standard

Business Standard

Hindustan Unilever Ltd gains for third straight session

Hindustan Unilever Ltd is quoting at Rs 2825, up 1.1% on the day as on 12:49 IST on the NSE. The stock is up 12.68% in last one year as compared to a 28.43% jump in NIFTY and a 23.15% jump in the Nifty FMCG index.

Wed, Sep 4, 2024

Sensex, Nifty updates on 4 September 2024: Indian stock markets ended Wednesday’s session with mixed results, as the Nifty 50 index briefly touched a new all-time high before retreating due to profit-taking in the final hour. The BSE Sensex closed down 202.80 points or 0.25 per cent at 82,352.64, while the Nifty 50 fell 81.15 points or 0.32 per cent to 25,198.70, breaking a 14-day winning streak. 
The day’s trading was characterized by volatility, with the Nifty opening lower at 25,089.95 but recovering throughout the session. Sector-wise performance was mixed, with pharma, realty, and FMCG sectors seeing gains, while IT and metal sectors faced profit-taking. 
Srikant Chouhan, Head of Equity Research at Kotak Securities, commented on the market’s performance, saying, “Today, on the backdrop of weak global sentiment benchmark indices witnessed profit booking at higher levels... Technically, post gap down opening market registered a pullback rally. From the day, lowest point market recover over 130/550 points.” 
Among the top gainers on the NSE were Asian Paints (2.50 per cent), Grasim (1.91 per cent), Hindustan Unilever (1.71 per cent), Ultratech (1.23 per cent), and Sun Pharma (1.19 per cent). The top losers included Wipro (-3.06 per cent), Coal India (-2.81 per cent), ONGC (-2.27 per cent), Hindalco (-1.90 per cent), and LTIMindtree (-1.15 per cent).
Business Line

Business Line

Share Market Highlights 4 September 2024: Markets close mixed as Nifty touches new high amid sector rotations

Sensex, Nifty updates on 4 September 2024: Indian stock markets ended Wednesday’s session with mixed results, as the Nifty 50 index briefly touched a new all-time high before retreating due to profit-taking in the final hour. The BSE Sensex closed down 202.80 points or 0.25 per cent at 82,352.64, while the Nifty 50 fell 81.15 points or 0.32 per cent to 25,198.70, breaking a 14-day winning streak. The day’s trading was characterized by volatility, with the Nifty opening lower at 25,089.95 but recovering throughout the session. Sector-wise performance was mixed, with pharma, realty, and FMCG sectors seeing gains, while IT and metal sectors faced profit-taking. Srikant Chouhan, Head of Equity Research at Kotak Securities, commented on the market’s performance, saying, “Today, on the backdrop of weak global sentiment benchmark indices witnessed profit booking at higher levels... Technically, post gap down opening market registered a pullback rally. From the day, lowest point market recover over 130/550 points.” Among the top gainers on the NSE were Asian Paints (2.50 per cent), Grasim (1.91 per cent), Hindustan Unilever (1.71 per cent), Ultratech (1.23 per cent), and Sun Pharma (1.19 per cent). The top losers included Wipro (-3.06 per cent), Coal India (-2.81 per cent), ONGC (-2.27 per cent), Hindalco (-1.90 per cent), and LTIMindtree (-1.15 per cent).

Wed, Sep 4, 2024

India's top companies saw a significant surge in their market valuations last week, driven by a strong rally in the equity markets. Eight out of the top ten most valuable firms experienced growth, with Bharti Airtel, Infosys, and TCS leading the way.
Mint

Mint

Market cap of eight out of top 10 companies gains; Bharti Airtel, Infosys, TCS leads, ITC, Hindustan Unilever decline

India's top companies saw a significant surge in their market valuations last week, driven by a strong rally in the equity markets. Eight out of the top ten most valuable firms experienced growth, with Bharti Airtel, Infosys, and TCS leading the way.

Sun, Sep 1, 2024

Bajaj Finance, Bajaj Finserv, ITC, HCL Tech, and Hindustan Unilever top gainers on Sensex
Business Line

Business Line

Sensex, Nifty hit new highs; Bajaj twins lead gains

Bajaj Finance, Bajaj Finserv, ITC, HCL Tech, and Hindustan Unilever top gainers on Sensex

Thu, Aug 29, 2024

Hindustan Unilever Limited (HUL) has received a Rs 962.75 crore tax demand from the Income Tax Department related to non-deduction of TDS on a Rs 3,045 crore payment made for acquiring intellectual property rights from GlaxoSmithKline Consumer Healthcare (GSKCH). The demand includes Rs 329.33 crore in interest.
The Economic Times

The Economic Times

HUL gets Rs 963 cr Income Tax demand notice

Hindustan Unilever Limited (HUL) has received a Rs 962.75 crore tax demand from the Income Tax Department related to non-deduction of TDS on a Rs 3,045 crore payment made for acquiring intellectual property rights from GlaxoSmithKline Consumer Healthcare (GSKCH). The demand includes Rs 329.33 crore in interest.

Wed, Aug 28, 2024

Buzzing stocks: Jio Financial, Yes Bank, Rana Sugars, India Grid Trust, Hindustan Unilever, ICICI prudential Life, NBCC, UPL Corp, Wipro, Zydus Life, SBI Cards, Godrej Agrovet, Aavas Financiers
Business Line

Business Line

Stocks that will see action today: August 28, 2024

Buzzing stocks: Jio Financial, Yes Bank, Rana Sugars, India Grid Trust, Hindustan Unilever, ICICI prudential Life, NBCC, UPL Corp, Wipro, Zydus Life, SBI Cards, Godrej Agrovet, Aavas Financiers

Wed, Aug 28, 2024

HUL has said that it has an 'indemnification right' to recover the demand raised by the Income Tax department
Business Standard

Business Standard

Hindustan Unilever gets tax notice of Rs 962.75 cr over Rs 3k cr GSK deal

HUL has said that it has an 'indemnification right' to recover the demand raised by the Income Tax department

Tue, Aug 27, 2024

Hindustan Unilever has received a tax demand of Rs 962.75 crore from the Income Tax Department over non-deduction of TDS for acquiring intellectual property rights from GlaxoSmithKline. The company intends to appeal the order and claims it has a right to recover the tax from relevant parties.
The Economic Times

The Economic Times

HUL slapped with Rs 962 crore tax notice over TDS dispute in Rs 3,045 crore GlaxoSmithKline deal

Hindustan Unilever has received a tax demand of Rs 962.75 crore from the Income Tax Department over non-deduction of TDS for acquiring intellectual property rights from GlaxoSmithKline. The company intends to appeal the order and claims it has a right to recover the tax from relevant parties.

Tue, Aug 27, 2024

Following shares hit their 52 week high today - Trent, Hindustan Unilever, Coal India, Bajaj Auto, Interglobe Aviation
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Mint

Trent, Hindustan Unilever & others hit 52 week high today ; Do you own any?

Following shares hit their 52 week high today - Trent, Hindustan Unilever, Coal India, Bajaj Auto, Interglobe Aviation

Mon, Aug 26, 2024

The Indian market was poised for consolidation due to mixed global influences. FIIs registered substantial sales while DIIs made significant purchases. Focus was on key index levels and stock picks for short-term trading, including Cipla, Hindustan Unilever, and ONGC, with specific targets and stop-losses provided by experts.
The Economic Times

The Economic Times

F&O stocks to buy today: ONGC, Cipla among top 9 trading ideas for 13 August 2024

The Indian market was poised for consolidation due to mixed global influences. FIIs registered substantial sales while DIIs made significant purchases. Focus was on key index levels and stock picks for short-term trading, including Cipla, Hindustan Unilever, and ONGC, with specific targets and stop-losses provided by experts.

Tue, Aug 13, 2024

Hindustan Unilever (HUL), Dabur, and Godrej Consumer Products (GCP) are enhancing their influencer marketing strategies to boost customer engagement, brand loyalty, and awareness. The rise in short-form content on platforms like Instagram and YouTube has led to companies engaging with macro, micro, and nano influencers to drive brand visibility. A recent EY report predicted India's influencer marketing industry will reach ₹3,375 crore by 2026, largely due to the growing use of social media influencers for sales and brand engagement.
The Economic Times

The Economic Times

Brands bet big on influencers to stay active, virtually

Hindustan Unilever (HUL), Dabur, and Godrej Consumer Products (GCP) are enhancing their influencer marketing strategies to boost customer engagement, brand loyalty, and awareness. The rise in short-form content on platforms like Instagram and YouTube has led to companies engaging with macro, micro, and nano influencers to drive brand visibility. A recent EY report predicted India's influencer marketing industry will reach ₹3,375 crore by 2026, largely due to the growing use of social media influencers for sales and brand engagement.

Mon, Aug 12, 2024

Sensex, Nifty updates on 5 August 2024: Top gainers on the NSE as at 3 pm Britannia (1.23%), Hindustan Unilever (0.94%), Nestle India (0.75%), Tata Consumer Products (0.36%), HDFC Life (0.35%). Top losers include Tata Motors (-7.15%), Adani Ports (-5.92%), ONGC (-5.86%), Hindalco (-5.11%), Tata Steel (-5.03%)This decline reflects broader losses across Asian markets, with the Nikkei plummeting nearly 13% and other markets such as Korea, Taiwan, and Australia seeing declines between 2.5% and 7%. Analysts expect increased market volatility in India due to factors like the unwinding of the yen carry trade, geopolitical tensions, and a perceived slowdown in developed economies. Recent weak US job data and low inflation have heightened expectations for a Federal Reserve rate cut in September. Despite global pressures, analysts predict that Indian markets will consolidate as earnings align with high valuations. Key influences on market movements this week include the RBI’s interest rate decision, macroeconomic data, and global trends. Foreign Portfolio Investors (FPIs) have started August cautiously, selling ₹1,027 crore in equities following significant inflows in July. The Nikkei’s decline underscores the global context affecting Indian markets.
Business Line

Business Line

Share Market Highlights 5 August 2024: Sensex, Nifty plummet over 3% amid US recession fears; Nikkei plunges over 12%

Sensex, Nifty updates on 5 August 2024: Top gainers on the NSE as at 3 pm Britannia (1.23%), Hindustan Unilever (0.94%), Nestle India (0.75%), Tata Consumer Products (0.36%), HDFC Life (0.35%). Top losers include Tata Motors (-7.15%), Adani Ports (-5.92%), ONGC (-5.86%), Hindalco (-5.11%), Tata Steel (-5.03%)This decline reflects broader losses across Asian markets, with the Nikkei plummeting nearly 13% and other markets such as Korea, Taiwan, and Australia seeing declines between 2.5% and 7%. Analysts expect increased market volatility in India due to factors like the unwinding of the yen carry trade, geopolitical tensions, and a perceived slowdown in developed economies. Recent weak US job data and low inflation have heightened expectations for a Federal Reserve rate cut in September. Despite global pressures, analysts predict that Indian markets will consolidate as earnings align with high valuations. Key influences on market movements this week include the RBI’s interest rate decision, macroeconomic data, and global trends. Foreign Portfolio Investors (FPIs) have started August cautiously, selling ₹1,027 crore in equities following significant inflows in July. The Nikkei’s decline underscores the global context affecting Indian markets.

Mon, Aug 5, 2024

Hindustan Unilever Limited (HUL) has agreed to sell its Pureit water business to AO Smith for Rs 601 crore. Pureit, launched two decades ago, generated Rs 293 crore in FY24. The sale aligns with HUL's strategy to focus on core categories. The transaction, expected to complete in three months, requires customary closing conditions.
The Economic Times

The Economic Times

HUL to sell water biz to AO Smith India for Rs 601 crore

Hindustan Unilever Limited (HUL) has agreed to sell its Pureit water business to AO Smith for Rs 601 crore. Pureit, launched two decades ago, generated Rs 293 crore in FY24. The sale aligns with HUL's strategy to focus on core categories. The transaction, expected to complete in three months, requires customary closing conditions.

Mon, Jul 15, 2024

Hindustan Unilever's board approved selling its water purification business, Pureit, to A.O. Smith India Water Products for $72 million. The sale, conducted on a slump sale basis, follows the board's approval for divestment.
The Economic Times

The Economic Times

HUL to sell Pureit to AO Smith India for Rs 600 crore

Hindustan Unilever's board approved selling its water purification business, Pureit, to A.O. Smith India Water Products for $72 million. The sale, conducted on a slump sale basis, follows the board's approval for divestment.

Mon, Jul 15, 2024

This is in sharp contrast to the last two years, when fast-moving consumer goods (FMCG) companies such as ITC, Dabur, Marico, Britannia, Parle Products, Emami and Hindustan Unilever had been focused mainly on premiumisation with demand turning sluggish in villages as the rise in prices of daily essentials, vegetables and fuel had forced consumers to cut down on spending. In the last two years, more than 60% of launches by large FMCG companies have been in the premium segment.
The Economic Times

The Economic Times

At FMCG box office, rural to script summer blockbuster

This is in sharp contrast to the last two years, when fast-moving consumer goods (FMCG) companies such as ITC, Dabur, Marico, Britannia, Parle Products, Emami and Hindustan Unilever had been focused mainly on premiumisation with demand turning sluggish in villages as the rise in prices of daily essentials, vegetables and fuel had forced consumers to cut down on spending. In the last two years, more than 60% of launches by large FMCG companies have been in the premium segment.

Thu, Jul 11, 2024

Sensex, Nifty updates on 8 July 2024: Stock market benchmark indices Sensex and Nifty ended flat on Monday in a lacklusture trade as investors opted to book profits after the recent record rally in equities. Weak cues from Asian markets also added to the muted trend in domestic equities. After beginning the trade on a weak note, the 30-share BSE Sensex declined 36.22 points or 0.05 per cent to settle at 79,960.38. During the day, it went lower by 264.77 points or 0.33 per cent to 79,731.83. The NSE Nifty dipped 3.30 points or 0.01 per cent to 24,320.55. Among the Sensex pack, Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest laggards. ITC, Hindustan Unilever, Nestle, HCL Technologies and Tata Motors were among the gainers.
Business Line

Business Line

Share Market Highlights July 8, 2024: Markets settle on flat note in muted trade; Owais Metal wins bid for gold mine project in Rajasthan

Sensex, Nifty updates on 8 July 2024: Stock market benchmark indices Sensex and Nifty ended flat on Monday in a lacklusture trade as investors opted to book profits after the recent record rally in equities. Weak cues from Asian markets also added to the muted trend in domestic equities. After beginning the trade on a weak note, the 30-share BSE Sensex declined 36.22 points or 0.05 per cent to settle at 79,960.38. During the day, it went lower by 264.77 points or 0.33 per cent to 79,731.83. The NSE Nifty dipped 3.30 points or 0.01 per cent to 24,320.55. Among the Sensex pack, Titan, Adani Ports, Tata Steel, JSW Steel, UltraTech Cement, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest laggards. ITC, Hindustan Unilever, Nestle, HCL Technologies and Tata Motors were among the gainers.

Mon, Jul 8, 2024

FMCG stocks have underperformed in 2024 with Hindustan Unilever and Asian Paints emerging as the top losers on the Sensex index in the first six months. However, analysts are bullish for long-term opportunities.
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FMCG stocks to recover? Green shoots visible in rural demand; D-Street experts peg ‘hold’ for long-term, HUL is ‘buy’

FMCG stocks have underperformed in 2024 with Hindustan Unilever and Asian Paints emerging as the top losers on the Sensex index in the first six months. However, analysts are bullish for long-term opportunities.

Thu, Jul 4, 2024

Q1 results preview: Hindustan Unilever (HUL) is expected to report flat revenues, while improving growth trend from Marico and Britannia Industries and a mixed bag performance from Godrej Consumer Products and Tata Consumer Products are estimated.
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Q1 results preview: FMCG sector may see improving volume and value growth trends amid demand recovery

Q1 results preview: Hindustan Unilever (HUL) is expected to report flat revenues, while improving growth trend from Marico and Britannia Industries and a mixed bag performance from Godrej Consumer Products and Tata Consumer Products are estimated.

Thu, Jul 4, 2024