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    500696   INE030A01027

HINDUSTAN UNILEVER LIMITED

(500696)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-10-02
2622.20 INR   -2.77%
09/27INDIA STOCKS-Indian shares inch up as consumer stocks gain
RE
09/22Indian Indices Extend Loss; Power Grid Corp. of India Slides 3%
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09/21Indian Indices Settle in Red on Wednesday; Shree Cement Drops 5%
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Indian shares rise, BSE index touches four-month high at over 60,000

08/17/2022 | 01:19am EDT

BENGALURU, Aug 17 (Reuters) - Indian shares gained on Wednesday, with the S&P BSE Sensex hitting its highest level since April 5, as easing pace of inflation and strong earnings drove gains.

The NSE Nifty 50 index rose 0.5% to 17,915.45 as of 0515 GMT while the Sensex was trading 0.5% higher at 60,140.2.

A softening inflation print has given rise to expectation the Reserve Bank of India might slow down pace and quantum of rate hikes in the coming months.

"There is comfort that aggressive rate hike cycle might just get over with one or two more cycles," said Siddharth Khemka, head of retail research at Motilal Oswal Financial Services.

"The stance (by global central banks) may become softer gradually, and market is hoping for a softer landing, which is boosting sentiment across the world."

Strong corporate June-quarter results, softening commodity prices and easing of consumer inflation has helped domestic mood, particularly in consumer and auto stocks, Khemka added.

The Nifty FMCG index rose to a record high, with Hindustan Unilever up 1.8%.

The Nifty Media index jumped 2.4% while the IT index was up 0.9%.

Foreign institutional investors have also been pumping money into Indian equities, having bought $2.83 billion worth of shares this month until Aug. 12, compared with an inflow of $618 million all through July, data showed.

Asian shares tracked solid Wall Street performance as strong overnight earnings for U.S. retail giants pointed to further scope for the Federal Reserve to tackle inflation with rate hikes.

Meanwhile, in domestic markets, shares of Mahanagar Gas Ltd fell as much as 3.8% after the company reduced prices of compressed natural gas and domestic piped natural gas in and around Mumbai. (Reporting by Tanvi Mehta in Bengaluru, additional reporting by Gaurav Dogra; Editing by Neha Arora)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BANK OF INDIA LIMITED -2.07% 47.2 End-of-day quote.-8.08%
HINDUSTAN UNILEVER LIMITED -2.77% 2622.2 End-of-day quote.11.12%
MAHANAGAR GAS LIMITED -3.64% 801.9 End-of-day quote.-7.12%
MOTILAL OSWAL FINANCIAL SERVICES LIMITED 1.05% 733.65 Delayed Quote.-20.71%
NIFTY 50 -1.21% 16887.35 Delayed Quote.-1.50%
S&P GSCI NATURAL GAS INDEX -5.14% 299.8877 Real-time Quote.81.39%
SENSEX BSE30 -1.11% 56788.81 Real-time Quote.-1.42%
UNILEVER PLC -2.33% 3876.5 Delayed Quote.0.60%
All news about HINDUSTAN UNILEVER LIMITED
09/27INDIA STOCKS-Indian shares inch up as consumer stocks gain
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09/22Indian Indices Extend Loss; Power Grid Corp. of India Slides 3%
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09/21Indian Indices Settle in Red on Wednesday; Shree Cement Drops 5%
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09/16Indian yoga guru's Patanjali plans to list four firms
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09/07DJ Mediaprint to Provide Records Scanning and Digitization Services to Hindustan Unilev..
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09/06Indian shares end choppy session lower as financials slip
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08/25Indian shares end down as IT, derivatives expiry weigh
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08/25India shares up as financials gain ahead of derivatives expiry
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08/23Foreigners return to Indian equities on hopes over earnings
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More news
Analyst Recommendations on HINDUSTAN UNILEVER LIMITED
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Financials
Sales 2023 581 B 7 130 M 7 130 M
Net income 2023 98 497 M 1 208 M 1 208 M
Net cash 2023 88 675 M 1 087 M 1 087 M
P/E ratio 2023 62,9x
Yield 2023 1,42%
Capitalization 6 161 B 75 713 M 75 553 M
EV / Sales 2023 10,4x
EV / Sales 2024 9,45x
Nbr of Employees 21 000
Free-Float 37,9%
Chart HINDUSTAN UNILEVER LIMITED
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Hindustan Unilever Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends HINDUSTAN UNILEVER LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 2 622,20
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Sanjiv Soshil Mehta Chief Executive Officer, Director & MD
Ritesh Tiwari CFO, Executive Director-Finance & IT
Nitin Paranjpe Non-Executive Chairman
Vibhav Sanzgiri Executive Director-Research & Development
Devopam Narendra Bajpai Secretary, Director & Executive Director-Legal
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