HUL gains 3% post steady Q2 nos; brokerages see over 12% upside in 12 mths

The FMCG bellwether on Monday reported a 21.2 per cent year-on-year growth in net profit to Rs 1,848 crore for the July-September quarter (Q2) of FY20.

Shares of Hindustan Unilever (HUL) advanced as much as 2.74 per cent to Rs 2,070 on the BSE in the intra-day deals on Tuesday after the company reported steady numbers for the quarter ended September 30. 

At 01:09 pm, the stock was ruling at Rs 2,056.50 apiece on the BSE, up 2.07 per cent. The scrip was trading close to its all-time high of Rs 2,102 touched on September 23. The benchmark S&P BSE Sensex, on the other hand, was trading 234 points or 0.63 per cent higher at 38,454.23 levels. 

The FMCG bellwether on Monday reported a 21.2 per