The news saw the shares of Hindustan Lever surge in trade. The stock jumped 10 per cent and was trading at Rs 550 per share, which is again at a discount to the offer price made by the parent company. Analysts believe the stock price could now align closer to the open offer price of Rs 600 and provides an excellent opportunity for investors to offer their share given that the valuations of HUL already look stretched. Unilever PLC and Unilever N.V. are the two parent companies of the Unilever Group of companies. Hindustan Unilever is a market leader in the fast moving consumer goods business in India, with brands spanning categories such as soaps, detergents, shampoos, skin care, toothpastes, deodorants, cosmetics, tea, coffee, packaged foods, ice cream, and water purifiers.
Its portfolio includes the following brands: Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & Lovely, Pond's, Vaseline, Lakmé, Dove, Clinic Plus, Sunsilk, Pepsodent, Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall's and Pureit. GoodReturns.in