Hindustan Unilever trades lower for third straight day ahead of Q4 results

In Q4FY20, HUL's stock outperformed the market by rallying 20 per cent, against nearly 29 per cent decline in the Sensex

Shares of Hindustan Unilever (HUL) were trading lower for the third straight day, down 3.2 per cent to Rs 2,160 on the BSE on Thursday ahead of the announcement of its financial results for the quarter and year ended March 2020 (Q4FY20) later in the day.

In the past three trading days, the fast moving consumer goods (FMCG) firm's stock has slipped 7 per cent, as compared to 6 per cent rise in the S&P BSE Sensex. With today’s fall, HUL has corrected 17 per cent from its record high level of Rs 2,614, touched on April 8, 2020.