HUL stock hits 52-week high in a weak market amid demand recovery hopes

The management believes the outlook from June'21 onwards is positive, subject to the emergence of a third Covid-19 wave

Shares of Hindustan Unilever hit a fresh 52-week high of Rs 2,522.25, up nearly 2 per cent on the BSE, in intra-day trade on Monday after the management said the outlook from June’21 onwards is likely to stay positive, barring the emergence of a third Covid-19 wave.

The stock of the fast moving consumer goods (FMCG) giant, which was trading higher for the fifth straight day, surpassed its previous high of Rs 2,504.30, touched on April 13, 2021. It had hit a record high of Rs 2,614 on April 8, 2020. In the past one week, it has gained