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MARKET EYE-Hindustan Unilever slips below 200-dma ahead of results
January 21, 2013 / 6:02 AM / 5 years ago

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

* 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)

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