Shares of Hindustan Unilever Ltd fell over 2% on Friday after the company reported a marginal decline in consolidated net profit for the second quarter ended
HUL Q2FY24: Hindustan Unilever, on Thursday, announced an interim dividend of ₹18 per share. The FMCG major witnessed a 4% YoY rise in its net profit to ₹2,717 crore in September quarter of FY24
“The Bank Nifty is going to be one of the forecasters to rise because I would expect underperformance to be over in both IndusInd and HDFC Bank and say PSU banks could take a little breather. So, IndusInd and HDFC, are both buys around this period or on slight declines.”
Godrej Consumer Products said that its consolidated sales are likely to see low single-digit growth, with volume growth as well in mid-single digits because of "weak macros and adverse weather conditions".