Shares of Hindustan Unilever (HUL) dropped by 3.50%, losing ₹93.00 to trade at ₹2,566.30 on the NSE at 9:19 AM. The stock’s decline follows the company’s Q2 FY25 earnings report, where net profit fell 4% year-on-year to ₹2,612 crore, while revenue rose by a modest 2%.
Stock price details:
- Open: ₹2,647.00
- High: ₹2,647.00
- Low: ₹2,542.00
- Previous Close: ₹2,659.30
Brokerages have reacted cautiously to the results. JPMorgan maintained its overweight rating with a target of ₹2,870 but noted slowing urban demand as a concern. Morgan Stanley kept its underweight call, setting a target of ₹2,110, citing weaker-than-expected volume growth. On the positive side, Jefferies retained its buy call, with a target of ₹3,130, anticipating recovery driven by pricing and market share strength.
Investor sentiment has taken a hit following the mixed results, contributing to the stock’s decline in early trade.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a qualified financial advisor before making any investment decisions.
