/ Hindustan Unilever Lead The Bourses By Touching New Highs ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 10 May 2017


The shares of Hindustan Unilever Limited (HUL), an Indian consumer goods company based in Mumbai on Wednesday’s trade rallied as much as 55 on the bourses, scaling new record highs after a global brokerage firm upgraded shares of parent company Unilever PL.

The stock led the rally in the Nifty FMCG index, making the index go higher for the second consecutive day on Wednesday. The stock hit its 52-week high of Rs 998.50 per share on the BSE.

Jefferies raised target price of Unilever PLC to 4,750 GBP from 4490 GBP.

On the BSE, 6.88 crore shares were traded in the counter so far, compared with average daily volumes of 1.52 lakh shares in the past two weeks.

HUL is owned by Anglo-Dutch company Unilever which owns a 67% controlling shares in HUL as of March 2015 and is the holding company of HUL.

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