HUL slips nearly 3% on profit booking

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Shares of FMCG major Hindustan Unilever Limited (HUL) fell nearly 3 per cent in early trade on Bombay Stock Exchange (BSE) amid profit booking after reporting strong set third quarter numbers ended December 31, 2013.

The company has reported a better-than-expected 21.91 per cent growth in its standalone net profit for the third quarter ended December 2013 at Rs 1,062.31 crore, driven by strong domestic consumer sales and exceptional items.

Undermining robust earnings, shares of company declined as much as 2.85 per cent to trade at Rs 558.10 a piece on the BSE.

In a similar fashion, shares of the company slipped 2.45 per cent to Rs 561.15 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 20,771.30, up 63.85 points or 0.31 per cent at 10:05 hours.

Read more about: hindustan unilever
Story first published: Tuesday, January 28, 2014, 12:46 [IST]
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