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HUL shares fall over 3% after Q3 earnings Should you buy, sell or hold?

FMCG major HUL posted a profit growth of a mere 0.6% YoY to Rs 2,519 crore while missing the ETNow poll estimate of Rs 2,724 crore. Revenue dropped 0.3% YoY to Rs 15,188 crore and also trailed estimates of Rs 15,533 crore.

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HUL stock check: Down 3% in 2023 so far, should you bet on the FMCG major now?

HUL has underperformed the benchmark indices, declining 1 percent in the last 1 year and over 3 percent in 2023 YTD.

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