HUL shares have underperformed the market in the past year with the stock remaining flat as against the 27% gains in the Nifty FMCG index and the 18% upmove in the benchmark Nifty. ITC shares surged 64% in this period.
HUL Q1 results: On a standalone basis, Kotak Institutional Equities is expecting 13.6 per cent year-on-year (YoY) rise in net profit at Rs 2,599.80 crore compared with Rs 2,289 crore in the same quarter last year.
Hindustan Unilever is trying to come out of a long consolidation channel on the daily chart. On the weekly chart, it has witnessed a breakout of a bullish Inverted Head and Shoulders.
Rohit Jawa took over as the new Managing Director & CEO of HUL on June 27, 2023. He started his career with HUL as a management trainee in 1988. His first overseas opportunity came in 2004 when Jawa was elevated as the Vice President of Unilever Vietnam. Also know about the journey of Sanjiv Mehta, ex-CEO of HUL.