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
- Branson to meet Virgin Galactic space team after crash
- Nigeria's purported Boko Haram leader says has "married off" girls
- Group says piece of metal found on Pacific island is from Earhart's plane
- Soldiers vie for power after Burkina Faso president quits
- Hawaii pair took photos, prodded fiery lava with golf clubs: police
Shares Hit Record
The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro. Full Article
China's shadow banking sector growing rapidly, third largest in world - FSB. Full Article