Hindustan Unilever Ltd (HLL.BO)
23 Jan 2015
** Hindustan Unilever shares rise as much as 5.9 pct to a record high of 948.40 rupees
MUMBAI - Hindustan Unilever Ltd, the Indian arm of Anglo-Dutch consumer group Unilever, saw a smaller-than-expected rise in quarterly sales volumes as urban shoppers reined in spending in a sluggish economy, sending its shares down more than 5 percent on Monday.
* Shares fall more than 5 percent (Adds comments on consumer sentiment)
MUMBAI, Jan 19 - Hindustan Unilever Ltd, the Indian unit of Anglo-Dutch consumer group Unilever Plc , reported an 18 percent rise in quarterly profit, beating estimates, helped by a revival in consumer spending and lower raw material costs.
** Credit Suisse upgrades Hindustan Unilever to "outperform" from "neutral" and raises its target to 915 rupees from 800 rupees
** Deutsche bank upgrades Hindustan Unilever to "buy" from "hold" and raises target to 900 rupees from 700 rupees
MEDIA-India's Hindustan Unilever sells former headquarters to HDFC for 3 bln rupees - Economic Times
- Note: Reuters has not verified this story and does not vouch for its accuracy
MUMBAI - The BSE Sensex and Nifty edged up marginally on Thursday, led by buying in blue chips such as Infosys and Hindustan Unilever, while caution prevailed ahead of the release of economic growth data on Friday and the Reserve Bank of India's policy review due on Dec. 2.
(Corrects to remove extraneous material in paragraph 5, add dropped word "give")
* ITC Ltd gains 1.7 pct, Hindustan Unilever Ltd is up 1.6 pct and Britannia Industries advances 2.5 pct. * Dabur India Ltd gains 2.1 pct, while Jubilant Foodworks Ltd adds 2 pct. * Falling inflation will lift consumer spending, while lower raw material costs will aid margins, traders say. * India's inflation dropped to a new multi-year low in October, helped by slower annual rises in food and fuel price. (firstname.lastname@example.org / email@example.com