Short term looks rough for HUL, but long-term prospects seem better
New Delhi, March 27 -- The Hindustan Unilever Ltd(HUL) stock wasabig gainer in the Nifty FMCG(fastmovingconsumer goods) index on Friday. Thestock surged as much as 11.6%compared to the8%riseinthe sectoralindex. Beforethis,the stockhad declinedsubstantially by 20% from its 52-weektradinghighon 19 February. Therecentm arketcorrection substantiallyh it thestock of the country's largest FMCG company as well. Nevertheless, analysts remained positive on HUL's long-termprospects,although muted demand is likely to weighonthe performance in the near future. "Asper ourchecks, with no tailwinds,the demand environmenthas beenweakinthe Marchquarter.January andFebruarystood weaker than December,"saidanalysts at SBICAPSecurities Ltdinareporton20March. Wit...
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