HUL Stocks Declines Nearly 4%

New Delhi: Shares of Hindustan Unilever Ltd declined nearly 4 per cent in the morning trade on Thursday after the FMCG major’s December quarter earnings failed to cheer the investors. The scrip of the company fell 3.8 per cent to Rs 2,253.85 apiece on the NSE.

On the BSE, Hindustan Unilever Ltd’s (HUL) slipped 3.75 per cent to Rs 2,255 per piece. The market is trading in the positive zone. The 30-share BSE Sensex rose 164.36 points or 0.22 per cent to trade at 76,569.35 in the morning trade on Thursday.

The broader NSE Nifty increased 63.45 points or 0.27 per cent to 23,218.80. FMCG major Hindustan Unilever Ltd on Wednesday reported a 19.18 per cent rise in consolidated net profit at Rs 2,989 crore in the December quarter, boosted by the sale of its ‘Pureit’ business.