/ Hindustan Unilever Pares Wednesday’s Gains ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 18 May 2017

Hindustan Unilever is trading in bearish mood in the first half of Thursday’s trade on BSE paring gains of the previous trade.

As per data available with NSE the stock witnessed nearly 50% of deliverable quantity to traded quantity in previous day’s trade.

Despite the company reported 7% rise in March quarter sales after the revival of consumption after the demonetisation the shares are slipping the trade in the first half of Thursday’s trade.

The maker of Rin detergent and Lux soap saw volume growth increase 4% in the fourth quarter ended March. 

As per market observers, the company had witnessed a dip in its wholesale trade after demonetisation but the GST is likely to boost the wholesale trade of the company in the coming few years.

FMCG Sector may shine after GST implementation showcasing a basket of opportunities for the sector.

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