MARKET EYE-Hindustan Unilever slips below 200-dma ahead of results

Mon Jan 21, 2013 11:27am IST

Related Topics

Stocks

   

* Shares in India's 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 Oct.
26 as of Friday's close, after volume growth disappointed in the
July-September quarter as well as on royalty payment concerns.
  

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.thomsonreuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Canada Shooting

Canada Shooting

Attack on parliament, killing of soldier stun Canada's capital.  Full Article 

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage