Processing .....please wait.. 
The article has been forwarded.... 
News >> >>
HUL stocks dip by 7.28 percent post Q1 result
By siliconindia
|
Tuesday, 28 July 2009, 22:47 IST |
3 Comments
21.75 (7.28 percent). The market OF HUL started trading with a gain of four points to its previous close on 298.75. In the afternoon trade, market touched the 52 week high of 306 with the high expectation of investors before Q1 of FY 2010 result. Post result, market lost all the hope and HUL ended the trading at 278.55. In all, 4,348,661 shares were traded throughout the day. The P/E ratio of the stock is 28.72. With 3,220,000 units of shares, HDFC Top 200 Fund is the largest holder in HUL. The 52 week stock price chart is given on left.
HUL is an India-based fast moving consumer goods (FMCG) company. The company has more than 400 brands spanning 14 categories of home, personal care and food products. It operates in various business segments. In May 2009, the company divested its entire shareholding in Shamnagar Estates and consequently, Shamnagar Estates ceased to be a subsidiary of the company effective May 13, 2009. Net profits of fast moving consumer goods (FMCG) giant HUL dipped 2.68 percent to 5,431.9 crore in the first quarter this fiscal from 5,581.8 crore in the same period a year ago. The total income of the company increased 7.5 percent to 44,758.8 crore in the first quarter of current fiscal from 41,628.40 crore in the year-ago period. The company's foods business registered a handsome growth of over 17 percent.
Out of 32 stock analysts currently following HUL, consensus recommendation is outperform. Out of these, 10 rate the stock as buy, 12 rate it to hold and two recommend to sell. Other FMCG companies have ended the day on positive node. Godrej Industries gained by 1.54 percent, Nirma went up by 1.05 percent and Jyothy Laboratories by 2.39 percent.