HUL share price up 5% as stocks like Dabur, Colgate gain in weak market. Should you buy? - Hindustan Times
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HUL share price up 5% as stocks like Dabur, Colgate gain in weak market. Should you buy?

Jun 05, 2024 11:08 AM IST

HUL share price: HUL expects gradual demand recovery backed by increased government spending, macro indicators and better monsoon forecast.

HUL share price: Shares of fast moving consumer goods (FMCG) companies traded higher amid heavy volumes in a weak market today following the results of Lok Sabha elections. Among these stocks, Dabur India, Colgate- Palmolive (India), Marico, Hindustan Unilever (HUL), Emami and Britannia Industries are up in the range of 2 per cent to 5 per cent on the BSE.

HUL share price: HUL expects gradual demand recovery backed by increased government spending, the company said.
HUL share price: HUL expects gradual demand recovery backed by increased government spending, the company said.

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Shares of HUL are up 3 per cent to 2,427 on the BSE in intra-day trade as the company expects gradual demand recovery backed by increased government spending, macro indicators and better monsoon forecast.

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Marico had said in Q4FY24 earnings call that macroeconomic indicators, government spending, monsoon forecast, retail inflation and reduced volatility in commodity prices will result in a gradual uptick in consumption sentiment across both urban and rural segments. Shares of the company were up 3.4 per cent to 614.90 today.

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Dabur India rallied 5 per cent to 573.20 as a combined 5.69 million changed hands on the NSE and BSE. The company’s domestic volume grew 4.2 per cent year-on-year (YoY) in March quarter (Q4) and its rural markets grew ~400 bps ahead of urban markets (8 per cent and 4 per cent, respectively), Kotak Institutional Equities said.

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