NSE main stock index traded in 5868-5918 range on Monday. Among sector wise banking stocks gained 0.59% after fluctuations, FMCG and Realty stocks moved higher. Metal and Pharmaceuticals declined.
Consumer goods maker Hindustan Unilever shares moved 6.72%, after company posted net profit of Rs 7.87billion rupees for fourth quarter on Monday. The stock rallied today crossed previous higher 489.50. Touch intraday high of 499.65 and low of 457.60.
The stock showing good position in market from past 1 month and was under performing from last 6 month. However the net sales of company were increased but the stocks may remain volatile.
The FMCG sector was under performed last couple of month sector analyst said we are seeing some amount of slackness in volume growth and some pressure on Margins.
We recommend to Hold Hindustan Unilever.
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