Hindustan Unilever slips below 200-dma
Reuters Market Eye - Shares in Hindustan Unilever fall 0.8 percent, dipping below its 200-day moving average for the first time since May 5, 2011.
Falls in Hindustan Unilever come ahead of October-December results due on Tuesday. India's largest consumer goods maker is expected to post a 16 percent rise in third quarter net profit to 8.8 billion rupees, according to StarMine analyst estimates.
Analysts say comments on volume growth and royalty payments to Unilever Plc would be key.
Hindustan Unilever shares have fallen 11.2 percent since October 26 as of Friday's close, after volume growth disappointed in the July-September quarter as well as on royalty payment concerns.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Japan and India vow to boost defence ties during summit
- Government urges court to leave some coal blocks with companies
- Ukraine accuses Russia of "undisguised aggression" as rebels advance
- UPDATE 9-Pakistani protesters clash with police, soldiers secure state TV
The Nifty surged past the psychologically important 8,000 level for the first time on Monday as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data. Full Article
Government urges Supreme Court to not cancel some 'illegal' coal mines Full Article